Tag: Forex EA Review

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Forex Service Review

Heiken Ashi Smoothed EA Review

In Japanese,  Ashi means “rhythm”, and Heiken means “average”. Heiken Ashi candles actually look like Japanese candles, but the benefits of using an EA with the softened Heiken Ashi indicator is that they show significant trends and eliminate a lot of noise at the same time, and thus omit a good number of failed entries. […]

In Japanese,  Ashi means “rhythm”, and Heiken means “average”. Heiken Ashi candles actually look like Japanese candles, but the benefits of using an EA with the softened Heiken Ashi indicator is that they show significant trends and eliminate a lot of noise at the same time, and thus omit a good number of failed entries. […]

In Japanese,  Ashi means “rhythm”, and Heiken means “average”. Heiken Ashi candles actually look like Japanese candles, but the benefits of using an EA with the softened Heiken Ashi indicator is that they show significant trends and eliminate a lot of noise at the same time, and thus omit a good number of failed entries. There are a lot of traders who use Heiken Ashi as their primary indicator, which means they make in and out based on what these bars tell them.

The general rule with the Heikin Ashi Smoothed indicator is when you get two bars in the same color as you are trading in that direction and leave when two investment bars are going against you.

Unlike the traditional indicator Heiken Ashi, with the EA Heiken Ashi Smoothed candles are independent candles, in the sense that they are calculated based on the above formula, but with the use as information inputs of previous candles that makes it slower and slower. Due to the nature of Heiken Ashi candles, as these use an average price may be that the case of this indicator does not reflect the most recent price, and this is one of the reasons why it is not recommended for scalping, working better in trades in the long term.

As the name of the EA suggests, it makes the trend smoother and more comfortable to detect, and that is why it is more suitable for trend operators. One of the critical features of the robot Heiken Ashi Smoothed is that both in an uptrend or downtrend usually have very few candles, because in most cases, there are no lower shadows, while extreme rising shadows are posed.

Service Cost

This Robot, like all Quivofz, has a free basic version and two other versions called Advanced and Pro, which cost 29.90 and 39.90 Swiss francs, respectively.

Heiken Ashi EA Rules

The EA for MT4 smoothed Heiken Ashi is really an indicator designed as an independent trading system, but in order to improve the performance of the indicator, as it is going to add the moving average of 200 periods because the MA 200 is considered to represent one of the most reliable and price-friendly moving averages. An effective trading system is therefore established using the Heiken Ashi Smoothed indicator in combination with the 200-day MA.

BUY and SELL Trading Rules

The EA only makes purchases above the moving average of 200 periods, once you have two Heiken Ashi candles pointing to the top. On the contrary, the EA will sell only below 200 days MA once we have two Heikin Ashi candles looking to the disadvantage.

Stop Losses

For stop-loss orders, the EA uses traditional candle prices in combination with Heiken Ashi candles. In this sense, for the purchase configurations, we put our SL under the last candles, where we had red Heiken Ashi candles, and for the sales configurations, we put our SL over the last candles where we had blue Heiken Ashi candles.

Rules of Taking Profit

The EA gets benefits once it breaks in the opposite direction of the moving average of 200 periods. We have seen examples, where we have the Heiken Ashi Smoothed indicator and could have caught the trend in EUR/USD. As for profit-taking, we can always use the Heiken Ashi Smoothed candlesticks to detect an investment, because it does an excellent job of warning us in advance of a possible change in trend and can consider this as an alternative to the proposed rules.

Time Frames

Technically speaking, you can use this EA for all available time frames. However, the shorter the time frame, the more fluctuations and possibly more false entries that can cause small losses, and that can bring your portfolio down quickly, will be seen. We recommend that you use higher time frames like 4H for better consistency.

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Forex Service Review

Profit Trend V-EA Review

Profit Trend is located within the Experts category of the MQL5 marketplace, it was first uploaded to the marketplace on the 12th of March 2020 by its creator Michal Wolny, it was uploaded as version 2.0 and has not had any updates since, so the software still sits at version 2.0. Overview Profit Trend was […]

Profit Trend is located within the Experts category of the MQL5 marketplace, it was first uploaded to the marketplace on the 12th of March 2020 by its creator Michal Wolny, it was uploaded as version 2.0 and has not had any updates since, so the software still sits at version 2.0. Overview Profit Trend was […]

Profit Trend is located within the Experts category of the MQL5 marketplace, it was first uploaded to the marketplace on the 12th of March 2020 by its creator Michal Wolny, it was uploaded as version 2.0 and has not had any updates since, so the software still sits at version 2.0.

Overview

Profit Trend was created as an expert advisor for use with the MetaTrader 4 platform, the description, and details section of the MQL5 website does not actually indicate a lot of information about how the EA functions, instead it is more of a setup tutorial with a bit of information thrown in here and there, this has made it quite confusing as to what the EA actually does.

The EA will use the Ichimoku, Custom Moving Averages, and Stochastic Oscillator indicators in order to help find its entry and exit positions in the markets. The Ea will use take profit and stop loss levels with each trade to help protect the account, it also has the option to use trailing stops to help maximize profits and to lock in risk-free trades once they turn profitable. 

The EA also has the option to turn on a grid-based trading system, while these can be profitable, they can also cause a lot of accounts to blow, these work by placing a trade, should the markets move against the trade, it will open up another trade either at the same lot value or higher in the same direction in the hope for the markets to come back in, it will then close out all the trades for a profit. The issue comes when the markets do not come back in and continue to trend against you, lots of trades can quickly be opened which can cause large amounts of drawdowns ad can blow smaller and large accounts alike.

In terms of parameters, there are some available which cover the general settings, positions settings, TP and SL positions, trailing stop settings, money management options, grid option, and more.

Service Cost

In order to purchase the Profit Trent EA outright, it will set you back a massive $5,500, this will get you up to 5 activations of the software. Due to its high price, the developer has offered a number of more manageable rental options. You can rent the EA on a monthly basis for $50 per month, for three months it will cost you $100, for six months it will cost you $500 and for a one-year rental, it will cost you $1000.

A free demo version is also available, this can be used within the strategy tester on the MT4 platform but not on a live account.

Conclusion

There are no user-written reviews or ratings for this eA so it remains unrated, this means that we cannot see whether people have found the Ea to be useful or profitable. There are three comments, all of them are from the developer, one is an installation and usage guide which is good to see, the other two are displaying results from an account that is using the EA, both of which look very positive. Due to there being no reviews to look at and no support on display (apart from the developer’s own comments) we would suggest sending your questions to the creator so you can be sure that the EA is right for you and that you will receive support once it has been rented or purchased.

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Forex Service Review

Creature Automated Trend Scalper Review

Creature can be found within the Experts section of the MQL5 marketplace, it was created by Natalya Sopina and was first uploaded onto the marketplace on the 23rd of July 2019, it has not received any subsequent updates and is still at version 1.0. Overview Creature is an expert advisor that was designed for the […]

Creature can be found within the Experts section of the MQL5 marketplace, it was created by Natalya Sopina and was first uploaded onto the marketplace on the 23rd of July 2019, it has not received any subsequent updates and is still at version 1.0. Overview Creature is an expert advisor that was designed for the […]

Creature can be found within the Experts section of the MQL5 marketplace, it was created by Natalya Sopina and was first uploaded onto the marketplace on the 23rd of July 2019, it has not received any subsequent updates and is still at version 1.0.

Overview

Creature is an expert advisor that was designed for the MetaTrader 4 trading platform and is a fully automatic EA that specializes in scalping. The EA does not use martingale or grid trading styles and works best with the GBPUSD, USDCHF, GBPCHF, CADCHF, GBPCHF, EURCHF, and AUDCHF currency pairs, although it can be used on all pairs.

The EA uses rollbacks from main trends to find its trades, it does this by using Bollinger Bands to determine the trend and channels. The EA will open its trades at the channel breaks and will filter out false breaks. It will take profits, complete stop losses, execute trailing stops and time out in order to close out trades.

Service Cost

The Creature EA will currently cost $60 to purchase it outright, this will get you up to 5 activations of the software. You are also able to rent it, this can be down on a monthly basis and will cost you $20 per month. A free demo version is available, this will only be usable with the strategy tester within MT4 though.

Conclusion

There are no reviews at present which is a shame to see, it also means that we do not know whether the EA is working as intended for those that have purchased it. There are a few comments, they are all from the developer themselves giving some time and settings. The most recent comment was in 2019, due to this we would suggest getting in contact with them to ensure that it is still being supported before you make a purchase or a rental.

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Forex Service Review

ScalpingMonsterBot Expert Advisor Review

ScalpingMonsterBot can be found within the Experts category of the MQL5 marketplace. It was created by Andrey Kozak and was first uploaded to the marketplace on the 10th of March 2020, it has received an update on the 24th of March 2020 and is not at version 2.0 of the software. Overview ScalpingMonsterBot is an […]

ScalpingMonsterBot can be found within the Experts category of the MQL5 marketplace. It was created by Andrey Kozak and was first uploaded to the marketplace on the 10th of March 2020, it has received an update on the 24th of March 2020 and is not at version 2.0 of the software. Overview ScalpingMonsterBot is an […]

ScalpingMonsterBot can be found within the Experts category of the MQL5 marketplace. It was created by Andrey Kozak and was first uploaded to the marketplace on the 10th of March 2020, it has received an update on the 24th of March 2020 and is not at version 2.0 of the software.

Overview

ScalpingMonsterBot is an expert advisor that can be used with the MetaTrader 4 trading platform. The EA was designed to work as a scalping robot that can be used on all currency pairs. The EA has shown its best results on the GBPUSD currency pair, the main conditions required for the EA to function properly are for it to have a minimum spread, so an ECN account is recommended.

The EA works on the principle of sharp impulses within the markets, it will make trades during these spikes in price and volatility. The Ea may not open trades every day and instead, the trades will depend on the market conditions, if they do not satisfy the requirements then it will not open up a new trade. Due to this, the EA has the potential to open up 10 trades in a single day, or it can not open a trade for days at a time. You are able to run multiple instances of the robot on different currency pairs, this can be done using the magic number parameter within the EAs settings.

The EA uses the martingale strategy which can make it quite risky, we would recommend using very low lot sizes as the higher the starting size the riskier it can be, even for those with very large accounts.

Some of the main features of the EA:

Trades on most major currency pairs.
minimum trade balance 50 $
trades on all timeframes.
Easily optimized to find the best options.
Very easy to install and configure.
trades both on the local PC and on the VPS server.

https://youtu.be/DOpiIlH9mtw

There are a few parameters that come with the EA, these can be altered to slightly change the functions of the EA. Some of these parameters include the lot sizes to use, the maximum size of the lots, the option to choose the martingale increments, stop loss size, take profit sizes, how shape the price movement needs to be to open up a trade, and an option for magic numbers.

There are some recommended setting that comes with the EA for the GPUSd, EURUSD, and NZDUSD pairs, we would advise using these, however, they do not specify the account size of the settings, so we would also advise using slightly lower numbers for the starting lots if you do not have a very large account.

Service Cost

The ScalpingMonsterBot can be purchased with a single payment of $157, purchasing it allows you to activate the EA up to 5 times, there are no further limitations once purchased. There is also the option to rent the EA for two different time periods, the first is on a monthly basis which will cost you $97 per month, you can also rent it for the period of three months which will cost you $127 to do.

There is also a free demo version that can be downloaded within the MetaTrader 4 platform, this demo version is limited to being used within the strategy tester of the platform rather than on live accounts.

Conclusion

Unfortunately, at the time of writing, there were no reviews or ratings from anyone that has used the EA, which means that we cannot see whether they are finding it useful and profitable, it could also be seen as a positive as many people do not leave a positive review, only negative, so not having any negative reviews is also a  good sign. There are also no comments, so the support being offered cannot be observed, due to this, we would suggest that you send any questions that you may have to the developer as a way to make sure that they are still around to offer support should you decide to make a purchase or rental of the EA.

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Forex Service Review

PZ MA Crossover EA Review

PZ MA Crossover EA was created by Arturo Lopez Perez and can be found on the MQL5 marketplace. It was first uploaded on the 29th of January 2019, it was originally uploaded as version 3.0 and it has not had any further updates. Overview The PZ MA Crossover EA is an expert advisor created for […]

PZ MA Crossover EA was created by Arturo Lopez Perez and can be found on the MQL5 marketplace. It was first uploaded on the 29th of January 2019, it was originally uploaded as version 3.0 and it has not had any further updates. Overview The PZ MA Crossover EA is an expert advisor created for […]

PZ MA Crossover EA was created by Arturo Lopez Perez and can be found on the MQL5 marketplace. It was first uploaded on the 29th of January 2019, it was originally uploaded as version 3.0 and it has not had any further updates.

Overview

The PZ MA Crossover EA is an expert advisor created for the MetaTrader 4 trading platform, it was created as an EA to trade moving average crossovers, it is fully automated and has a lot of customizable options.

A few of the key features of the expert advisor include that ut is easy to use/supervise, full customizable moving averages settings, customizable break even, take profits and stop losses, can trade FIFO style, can use martingale and reverse martingale, and more.

The EA has a number of behaviors:

Regular: Buy on bullish crossovers and sell on bearish crossovers
Inverse: Sell on bullish crossovers and buy on bearish crossovers
Only buy: Buy on bullish crossovers and disregard bearish crossovers
Only sell: Sell on bearish crossovers and disregard bullish crossovers

There are also a few different money management modes available:

Trade manual lot size: The EA will trade a fixed lot size on each trade
Auto-calculation of lot sizes: The EA will risk % of the account on each trade
Martingale: The EA will double the lot size after a losing trade
Inverse Martingale: The EA will double the lot size after a winning trade

There are a few different parameters that can be altered, these include things like the trading direction, moving averages settings, session settings, position management, session settings, money management, and EA settings.

Service Cost

The expert advisor is completely free to download so there is no cost and no rental options. Due to it being free, there is also no need for there to be a free demo version.

Conclusion

There have been four reviews from its users, they have given the PZ MA Crossover EA an overall rating of 4.5 out of 5.

“Excellent EA! EA seems to trade the crossovers for my strategy a 2-3 bars sooner than the crossovers visually appear on the charts which makes a huge difference to profits/sl when trading intraday. Thanks to the author for releasing it for free. I will try some of your other products soon!” – A 5-star review.

The other reviews did not give any written comments, the only other written review did not leave a rating. The majority are very positive, there are also a few comments, the developer was replying to them but has not responded to any of the last few and none from the year 2020 so it is not clear if the EA is still being supported. If you are planning on using it, we would suggest contacting the developer with any questions, just to make sure that he will be there to offer support should you decide to download it.

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Forex Service Review

Pump and Dump EA Review

Pump and Dump is an expert advisor that can be found on the MQL5 marketplace, we have added a link below so you know exactly which expert advisor we are looking at. Pump and Dump was first uploaded on the 2nd of October 2018 by Sergei Lanin. It has had a number of different updates, […]

Pump and Dump is an expert advisor that can be found on the MQL5 marketplace, we have added a link below so you know exactly which expert advisor we are looking at. Pump and Dump was first uploaded on the 2nd of October 2018 by Sergei Lanin. It has had a number of different updates, […]

Pump and Dump is an expert advisor that can be found on the MQL5 marketplace, we have added a link below so you know exactly which expert advisor we are looking at. Pump and Dump was first uploaded on the 2nd of October 2018 by Sergei Lanin. It has had a number of different updates, the most recent update was on the 24th of March 2020 and this brought the expert advisor up to version 2.0.

Overview

Pump and Dump is an expert advisor that can be used with the MetaTrader 4 trading platform. It was designed to be a fully automated expert advisor which aims to buy cheap and sell expensive. 

The main features of the expert advisor are its built-in risk management which can stop trading in time and save your capital. Monitoring the stoppage of trades, so when the EA suspects that trading at a certain time will exceed the risk management settings it will stop. It has a way to multiply the profit of orders and gives instant notifications of risk through push notifications.

There are a number of settings and parameters that can be changed, some of them include the multiplication of profit, the first lot size, step distance, schedule, news filers, and many more.

Service Cost

At the time of writing, there was a discount where the indicator could be purchased outright for $75 rather than the usual $130, buying it outright gives you unlimited access and no limitations. You are also able to rent it on a monthly basis which will cost you $45 per month. There is a free demo version available, it will have some limitations but unfortunately, they are not stated on the site so we do not know what they are, it is still worth downloading to test though.

Conclusion

There are currently 51 reviews from the users, they have given the expert advisor an overall rating of 5 out of 5.

“Great EA with non-trending fx pairs. Patience is required with trending pairs as the EA buys in at multiple levels waiting for a reversal back into profitability. As for support, you won’t find better support anywhere. Sergey provides OUTSTANDING support providing detailed explanation of the EA as well as suggested pairs and settings to best trade. He is always available to answer your questions and to help with all aspects of trading the EA. You can count on Sergey to provide you with all the help and support you’ll need to trade this EA successfully. I look forward to purchasing additional EA’s from Sergey.“ – A 5-star review.

“This is a very stable and profitable robot, the author is very enthusiastic to help answer questions, I strongly recommend this robot.” – A 5-star review.

“Mr.Sergei totally helped me to solve my problem on my VPS. I always ask him my questions and he answered properly. This EA is nice and his support is wonderful too. I really appreciate his support.” – A 5-star review.

So the reviews are very positive, they mention the great support and this is backed up by the comment section, plenty of comments and the developer has been replying and helping all of them in a prompt manner, so it seems that the customer support is top-notch. Even with so many positives, we would suggest downloading and trying the free version, also contacting the developer with any questions to make sure it will suit your needs before making a purchase or rental.

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Forex Service Review

Ichimoku Kinko Hyo EA Review

The Ichimoku Kinko Hyo indicator was developed by Goichi Hosoda in the late 1930s. It is a trend indicator based on the moving average. This indicator is based on a cloud (called Kumo), which is located between the Senkou span A line and the Senkou span B line, the Tenkan-sen and Kijun-sen line, and finally, […]

The Ichimoku Kinko Hyo indicator was developed by Goichi Hosoda in the late 1930s. It is a trend indicator based on the moving average. This indicator is based on a cloud (called Kumo), which is located between the Senkou span A line and the Senkou span B line, the Tenkan-sen and Kijun-sen line, and finally, […]

The Ichimoku Kinko Hyo indicator was developed by Goichi Hosoda in the late 1930s. It is a trend indicator based on the moving average. This indicator is based on a cloud (called Kumo), which is located between the Senkou span A line and the Senkou span B line, the Tenkan-sen and Kijun-sen line, and finally, the Chikou span line. This indicator is included in Metatrader 4 and 5. Traditional settings are: Tenkan-sen 9, Kijun-sen 26, Senkou Span B 52.

Ichimoku Kinko Hyo is, in my opinion, one of the most underused technical indicators. However, it appears to be very powerful, and its use is not too complicated after having some basic understanding of its five components.

There are several automated robots based on Ichimoku, but in this EA the creator has tried to develop a profitable commercial robot that is based on this indicator. The expert advisor we analyzed in this review is using only three lines for the input and output signals, Chikou, Senkou Span A, and Senkou Span B. The strategy is to purchase when Chikou crosses Close from below with confirmation from Kumo. Cross must happen above Kumo or Chikou must eventually come above Kumo, and the current price must close above Kumo. There is no stop-loss or take profit; positions are closed when a signal in the opposite direction is generated. The exit signal doesn’t need to be confirmed.

In addition to Ichimoku Kinko Hyo, this robot also relies on the average True Range indicator to determine the size of its positions. Of course, fixed position sizes are also available, but ATR-based risk positioning makes things look much more professional.

The trend tracking strategy is very long-term. It has been tested on many currency pairs since 1 January 2001. But only EUR/USD has shown very good results. After analyzing the data supporting this EA, the profitability curve is not very impressive. A 67% profit in more than 12 years is not a very good result. This result was generated with a fixed position size (0.1 lot).

If we perform the same test, but with ATR based on position size enabled with 2% risk size. In this case, the net profit looks much better, 238% in 12 years is already something worth achieving.

Still, many traders may think this is a robot too slow and too long-term. But using it as the only active strategy is probably not a good idea. This is a robot that can complement other strategies very effectively. Since this is a long-term trend system, you can cooperate well with some short-term counter-trade robots, reducing the drawdown periods.

This EA can be downloaded in the MT4 or MT5 version and is also available for the cTrader platform. However, in the cTrader version, unlike the Metatrader versions, the size of the ATR position is not supported due to the lack of information functions of the appropriate symbols.

We conclude by thinking that this is an excellent automated trading system, but that other systems must complement it since it does not offer very high returns. As in all EA’s marketed by Quivofx, there is a free basic version that does not include all the features, but the more complete versions called Advanced and Pro have a very reasonable price of 34.90 and 49.90 Swiss francs.

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Forex Service Review

Smart Robot EA Review

Smart Robot MT4 can be found within the MQL5 marketplace under the experts heading. It was created by Mahmoudibarmas Mehdi and was first uploaded on the 11th of October 2018, it had its most recent update on the 15th of March 2020 and is currently at version 2.5. Overview Smart Robot MT4 is an expert […]

Smart Robot MT4 can be found within the MQL5 marketplace under the experts heading. It was created by Mahmoudibarmas Mehdi and was first uploaded on the 11th of October 2018, it had its most recent update on the 15th of March 2020 and is currently at version 2.5. Overview Smart Robot MT4 is an expert […]

Smart Robot MT4 can be found within the MQL5 marketplace under the experts heading. It was created by Mahmoudibarmas Mehdi and was first uploaded on the 11th of October 2018, it had its most recent update on the 15th of March 2020 and is currently at version 2.5.

Overview

Smart Robot MT4 is an expert advisor that was created for the MetaTrader 4 trading platform. The robot is based on scalping, Elliot Waves, and also includes additional filters such as RSI and Stochastic. The EA can be run using all symbols and with all timeframes. It will combine Elliot waves, Scalping, RSI, and Stochastic in order to find trends and scalp them.

There are some recommended usages from the developer:

  • You can run this EA on several charts and symbols.
  • Try using a different Magic-Number input for each chart.
  • If you attach the EA to multiple charts, increase the KLot setting to reduce your risk.
  • Smart Robot works on Hedge accounts.

There are plenty of parameters and settings available, some of these include time frames, trade types, when to stop trading, minimum distance to new trade, magic numbers, take profits, stop losses, averaging distance, averaging volume multiplier, trailing stops, break-even settings, news filter, and more.

Service Cost

The expert advisor will cost you $196 to purchase it outright, this will then give you 5 activations. You are also able to rent the expert advisor, this will cost you $49 per month, or the three months it will cost you $98.

There is also a free version available, the details of the demo are not known, it will have some limitations and may only be usable with the strategy tester of the MetaTrader 4 trading platform.

Conclusion

Unfortunately, there aren’t any user reviews at the time of us writing this, so we do not know how people are finding it and if people feel that it is doing what it was designed to do. There are a few comments, the developer has replied to them in a prompt manner and some were quite recent which shows that it is still being supported by the developer which is good. Due to there being no reviews, we would suggest trying out the free version, if this doesn’t give you a good idea of how it works, contact the developer with any questions so you can be sure that it will work for you before you make a purchase or a rental.

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Forex Service Review

RIS GridEA Martingale Trending Market Review

RIS GridEA is currently located within the Experts section of the MQL5 marketplace, it was uploaded to the marketplace on the 4th of April 2020 by its creator Praveen Elango, it was uploaded as version 1.703 and has not had any updates since it was added. Overview RIS GridEA is an expert advisor that was […]

RIS GridEA is currently located within the Experts section of the MQL5 marketplace, it was uploaded to the marketplace on the 4th of April 2020 by its creator Praveen Elango, it was uploaded as version 1.703 and has not had any updates since it was added. Overview RIS GridEA is an expert advisor that was […]

RIS GridEA is currently located within the Experts section of the MQL5 marketplace, it was uploaded to the marketplace on the 4th of April 2020 by its creator Praveen Elango, it was uploaded as version 1.703 and has not had any updates since it was added.

Overview

RIS GridEA is an expert advisor that was designed for the MetaTrader 4 trading platform, its main purpose is to act as a martingale system that looks to capitalize on both sideways and trending markets. 

The developer of the EA recommends that you try out the EA on a smaller account before using it on your main account, they also suggest using the strategy tester, expected daily profits can be around 520% which seem a little high to us, expected drawdowns can be around 10%, 20% or even 40% depending on volatility, you should also withdraw daily according to the developer which makes it sound like this could be a risky EA.

The preferred currency pairs of the EA are EURUSD and USDJPY. It is also recommended that you have a balance of $3000 for each 0.01 lots size.

The creator of this expert advisor has provided the following information about his tool:

Use a micro account and micro lot size initially to train with our EA.

Use strategy tester to see the performance and how it works

Expected daily profit – 5-20% (exceeding this is a bonus)

Expected drawdown – 10% (20% or even to 40% assuming too sharp movements depending on the impact of news)

Do Payout on daily basis for ROI

Service Cost

The EA will currently cost you $1999 to purchase outright so it is an expensive EA to use, there is also the option to rent it, this can be monthly which will cost you $99 per month, for three months it will cost $249, for six months it will cost $499 and for a one-year rental it will cost you $999. Whichever option you take you will be able to activate the EA up to 5 times.

A free demo version of the Ea is available, this can only be sued within the strategy tester of the MT4 platform so it cant be tested on its actual live trading.

Conclusion

There are currently no user reviews or ratings so we do not know whether people are finding the EA profitable or whether it is doing what it is intended to do, there are also no comments from users so we do not know if the developer is offering support, due to this we would suggest contacting them, just to make sure they will be there should you decide to get the EA and then need some support.

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Forex Service Review

Statistical Scalping EA Review

Statistical Scalping can be found in the Experts section of the MQL5 marketplace, it was first uploaded on the 6th of July 2017 by Nauris Zukas, it has had a few updates, the most recent updates were on the 20th of July 2020 and this brought the EA up to version 2.0.

Overview

Statistical Scalping is an expert advisor that was created for the MT4 trading platform. The tool is an automated scalping system that is based on the analysis of statistics dating back over the past 14 years.

The EA gets its trades by analyzing the market volatility. Positions are then opened during price movements and are subsequently closed when certain levels are hit. The Statistical Scalping EA has shown to produce profits during all sorts of market conditions including flat, trend, economic and political influences. 

Some recommendations from the developer:

  • Fixed lot of 0.01 per 1000 units of the deposit currency.
  • To achieve optimal results, it is recommended to use accounts with low spreads.
  • Aim for a spread on the EURUSD pair that is 1 pip or less.
  • Recommended pair: EURUSD.
  • Timeframe: M15.

There are also some parameters and settings available, these include things like the EA name, magic numbers, to show or hide information on the charts, London time difference, max lot sizes, the risk to use, max spread, and more.

Service Cost

The expert advisor can currently be purchased for $99, this is a one-time payment that will get you up to 5 activations. There is also the option to rent the EA, this can be done on a monthly basis and will currently cost you $30 per month, it can also be rented for three months which will cost you $45.

A free demo version is also present, the information and limitations of the demo account are not made clear, this often means that it can only be used with the strategy testers within MT4 but we do not know for sure.

Conclusion

There are some mixed reviews for the EA, the four available reviews have given the EA an overall rating of 3 out of 5.

“Very dangerous, I do not know why you have SL if when the price touches it, it continues open positions. The author has changed the signal several times. I won’t use it anymore, don’t waste your money.” – A 1-star review.

“Hi, I think this EA works very fine. I have been checking at the demo account for a long time and after to do the purchase I can confirm that the EA works very well, It uses a strategy that works in the retracement of the main trend for to go in the direction of this trend. Like all the EAs it has its losses but if you trust in the EA in can to have more gains that losses.The autor has answered all my questions so for me this is a 5 stars EA.” – A 5-star review.

So the reviews are getting both good and bad reviews, the developer had been replying to comments, but there have not been any since 2017, due to this we would suggest that you try and contact the developer with any questions that you may have, you can then ensure that it will do what you need it to do and that the developer will be around to offer support should you need it.

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Forex Service Review

Straddle Forex News Trading EA Review

Straddle EA can be found within the MQL5 marketplace, it was created by Hitesh Arora and was uploaded to the marketplace on the 2nd of April 2020, it was uploaded as version 2.1 and has not received any further updates. Overview Straddle EA (as the name suggests) is a Forex expert advisor. This EA was […]

Straddle EA can be found within the MQL5 marketplace, it was created by Hitesh Arora and was uploaded to the marketplace on the 2nd of April 2020, it was uploaded as version 2.1 and has not received any further updates. Overview Straddle EA (as the name suggests) is a Forex expert advisor. This EA was […]

Straddle EA can be found within the MQL5 marketplace, it was created by Hitesh Arora and was uploaded to the marketplace on the 2nd of April 2020, it was uploaded as version 2.1 and has not received any further updates.

Overview

Straddle EA (as the name suggests) is a Forex expert advisor. This EA was designed to be used within the MetaTrader 4 platform. The EA works by looking at and then trading major fundamental news events. It will open 2 pending orders, Buy Stops and Sell Stops in order to capture the markets’ single direction movements at the time of the news.

The EA has three states:

  1. Waiting: The period before market news has been released.
  2. Passed: The EA started and a trade has been executed.
  3. Expired: The EA has expired (after the expiration time is past).

Once added to a chart, the EA will show the following:

  1. The type of trade 
  2. Trade settings (Lot, Gap, TP & SL)
  3. Trailing Setting
  4. Trade activation and expiration time
  5. Current status of the EA (Waiting, Expired, and Passed)

There are also a number of different parameters available, these include the trade type to use, lot sizes, buy gap, the sell gap, take profits, stop losses, comments, magic numbers, trailing stop settings, time settings, and more.

Service Cost

There is not an option to purchase this EA outright and so we are only able to rent it, this can be done on a monthly basis and will cost you $49 per month. There is a free demo version available, but this can only be used with the strategy tester within the MT4 trading platform.

Conclusion

As the EA was only recently uploaded to the marketplace, there are currently no reviews or ratings about the EA, this makes it hard for us to know whether people are finding it profitable and whether it does what it is intended to do. There are also no comments so we would suggest contacting the developer with any questions that you may have, this way you can be sure that the EA will function how you need it to and that the developer will be around to offer support should you need it.

 

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Forex Service Review

PZ Open Range Expert Advisor Review

PZ Open Range EA can be found within the Experts section of the MQL5 MArketplace. It was created by Arturo Lopez Perez who has created a large number of indicators and expert advisors. It was first uploaded on the 29th of January 2019, it was first uploaded as version 5.0 and there have not been […]

PZ Open Range EA can be found within the Experts section of the MQL5 MArketplace. It was created by Arturo Lopez Perez who has created a large number of indicators and expert advisors. It was first uploaded on the 29th of January 2019, it was first uploaded as version 5.0 and there have not been […]

PZ Open Range EA can be found within the Experts section of the MQL5 MArketplace. It was created by Arturo Lopez Perez who has created a large number of indicators and expert advisors. It was first uploaded on the 29th of January 2019, it was first uploaded as version 5.0 and there have not been any subsequent updates since its initial upload.

Overview

PZ Open Range EA is an expert advisor that can be used with the MetaTrader 4 trading platform. Its main purpose is to implement Toby Crabel’s Opening Range Breakout Strategy. The EA will place a buy stop just above the open price, and a sell stop just below the open price. 

The key features as stated by the developer:

Easy to use and supervise

Fully configurable settings

Customizable break-even, SL, TP, and Trailing-Stop

Built-in money management

Works for ECN/Non-ECN brokers

Works for 2-3-4-5 digit symbols

Trading is FIFO (NFA) Compliant

There are also some added parameters that you can alter, these include stretch settings, position management, money management, and EA settings.

Service Cost

The expert advisor can be purchased for $30, this comes with up to 100 activations with no further limitations. There is not an option to rent the indicator so the only option is the one-off payment. There is a free demo version, the details are not known, we believe that it may only be used with the strategy tester rather than being a full demo of the expert advisor.

Conclusion

There is only one review that isn’t really a review, it’s more of a question, due to this there is not a rating given and so there is no user rating for the EA. There are a couple of comments, the developer has responded to them, but there are only 2, it does give an indication that they are still willing to support the software and those using it. As there are not many reviews or comments, we would suggest trying the free version and sending your queries to the developer, this way you can ensure that it will do what you need it to do and that it is still being supported by the developer.

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Forex Service Review

PZ Ichimoku MetaTrader EA Review

PZ Ichimoku EA is an automated trading system created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and speculator, software engineer, and founder of Point Zero Trading Solutions.

PZ Ichimoku EA is an automated trading system created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and speculator, software engineer, and founder of Point Zero Trading Solutions.

PZ Ichimoku EA is an automated trading system created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and speculator, software engineer, and founder of Point Zero Trading Solutions.

Overview

The creator of this EA proposes to change the use of the indicator Ichimoku Kinko Hyo for this powerful and flexible robot. PZ Ichimoku EA implements many entry strategies and useful features such as customizable trading sessions and a Martingale mode.

The main features of this EA are:

  • Easy to use and monitor.
  • Several entry conditions apply.
  • Customizable balancing point, SL, TP, and Trailing-Stop settings.
  • Valid for ECN brokers / not ECN.
  • Works for 2-3-4-5 digit symbols.
  • Implements a martingale feature.
  • Filtering operations by forex sessions.

The EA implements many input strategies that can be turned on or off at will:

  • Outbreaks of the Kumo Cloud.
  • Tenkan crosses/ Kijun Sen confirmed by Kumo color.
  • Tenkan / Kijun Sen Crosses into the cloud of Kumo.
  • Tenkan crosses/ Kijun Sen against Kumo color.
  • Kijun Sen’s breakups confirmed by the trend.
  • The Kijun Sen outbreaks are confirmed against the trend.

Additionally, it implements four different money management modes:

  • Lot size Trading Manual: The EA will negotiate a fixed lot size in each transaction.
  • Lot size Auto-calculation: The EA will risk % of the account on each transaction.
  • Martingale: The EA will double the size of the trade after a loss of trade.
  • Reverse Martingale: The EA will double the size of the trade after a winning negotiation.

Parameters of the input:

-Ichimoku Configuration – This group of parameters contains the indicator parameters.

-Trading Events – This group allows you to enable or disable entry conditions.

-Session Settings – Enable or Disable Trading for Asian, European, or American sessions.

-Position Management – This group of adjustments applies to trading and transaction management decisions. You can select the trading address, the break point in pips, the end in %, the end in pips, the stop-loss in pips, and the take-win in pips.

-Money Management – In this configuration block you can set the lotus size for the first operation, or allow the EA to calculate it for itself. It also implements a Martingale behavior. It is recommended to introduce a manual batch size.

-EA Settings – You can select the magic number for operations, custom comment, and manual pip value if you need to overwrite the default. Don’t change them unless you know what you’re doing.

What can we expect from the PZ Ichimoku EA? This EA is a general-purpose tool whose success depends on your understanding of the underlying strategy and your ability to configure it. This EA will not generate profits under all market conditions and does not intend to do so. It is up to you to find the best parameters for each symbol and time frame with the strategy tester.

Service Cost

As of the time of this review, the PZ Ichimoku EA is provided free of cost. Simply visit the MQL5 marketplace to access not only the download but also a host of extras such as an Installation Guide, Update Guide, Troubleshooting Tips, FAQ, and much more. 

Conclusion

What we are talking about here is an EA with many possibilities, but which we consider suitable only for experienced traders who know Ichimoku’s theory well. The trader will be the one who has to configure the robot to have optimal performance, and this can only be achieved if you have a good working knowledge of both the system and of the EA’s configuration options.

We have detected that the opinions of the users who have already used this tool have valued it very positively, so we consider that it this be taken into account when making a decision regarding usage. 

 

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Forex Service Review

Multi-Strategy Fury Expert Advisor Review

Multistrategy Fury EA is a robot created in February 2020 by EA developer Mikhail Kornilov. Multistrategy Fury is a fully automated trading robot consisting of several strategies that are optimized for trading in EURUSD. The EA does not use any dangerous strategy and does not need optimization. Overview The list of strategies included: Strategy to […]

Multistrategy Fury EA is a robot created in February 2020 by EA developer Mikhail Kornilov. Multistrategy Fury is a fully automated trading robot consisting of several strategies that are optimized for trading in EURUSD. The EA does not use any dangerous strategy and does not need optimization. Overview The list of strategies included: Strategy to […]

Multistrategy Fury EA is a robot created in February 2020 by EA developer Mikhail Kornilov. Multistrategy Fury is a fully automated trading robot consisting of several strategies that are optimized for trading in EURUSD. The EA does not use any dangerous strategy and does not need optimization.

Overview

The list of strategies included:

Strategy to Combat Trends: The trades of this strategy are open in the opposite direction of the trend in the formation of the signal at the end of the trend. It uses dynamic take profits and at some point averages by 2-3 orders without increasing lot trading.

Night Strategy: Operations are open within the channel in the Asian session. There are no time restrictions for closing operations. You need to configure your broker’s GMT offset for this strategy properly.

Intraday Scalping Strategy: The classic strategy of scalping in rollbacks in the direction of the trend. It has a small gain take and a large fixed stop loss.

Breakdown of the Consolidation Channel: Operations are opened after the break of the previously formed consolidation channel. The fixed stop loss and the final stop are used for this strategy.

Advantages of this EA:

  • He doesn’t use danger strategies like Martingale.
  • You can start with a small deposit.
  • No need for optimization.
  • High stability thanks to the perfect diversification by several independent strategies.

Trade Requirements:

  • Minimum deposit: 50 USD.
  • Account type: any (ECN recommended)
  • Negotiating pair: EUR/USD
  • Time Frame: M5

Parameters of the input:

  • Trend reverse – to use the strategy against the trend.
  • Tr magic – the magic number of counter-trend strategy orders.
  • Tr order comment – the commentary of counter-trend strategy orders.
  • Nightflat – to use the strategy of the night.
  • Nfumagic – the magic number of night strategy orders.
  • Nf order comment – the comment of night strategy orders.
  • Intradayscalper – to use the strategy of plucking the intraday scalp.
  • Is magic – the magic number of commands that the robot uses in intraday scalping.
  • Order comment – add a comment on your orders of intraday scalping strategy.
  • Consolidationbreak – strategy of breaking down the consolidation channel.
  • Cb magic – commands that the strategy uses in breaking a consolidation channel.
  • Cb order comment – strategy of rupture of the channel of consolidation.
  • Lots – the fixed lot size.
  • Risk – the dynamic batch size depends on the tank.
  • Fix lots – to use fixed batch.
  • Max spread – maximum diffusion in the opening of purchasing positions.
  • Start hour – time to start trading for night strategy.
  • End hour – end of trading time for night strategy.
  • GMT – Broker GMT Compensation.

Service Cost

The EA is available on the MQL market at a price of 200 USD (Currently there is a promotion for the next 10 buyers with a 75% discount). It can also be rented for 50 USD per month and tested for free in its demo version.

Conclusion 

In conclusion, it seems that we are dealing with a robot well thought out by its developer. Although it has been in the market for a short time, there are already positive assessments from users who have already tested this EA. What we like most is that the creator of the EA provides an audited real account where you see performance and profitability. In just 16 days it has already achieved a 7.33% positive return.

 

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Forex Service Review

PZ Fractal Trader EA Review

PZ Fractal Trader EA is an automated system that was created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and market speculator, software engineer, and founder of Point Zero Trading Solutions. Overview This EA trades untested fractals using pending orders. It offers many trading behaviors and flexible position […]

PZ Fractal Trader EA is an automated system that was created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and market speculator, software engineer, and founder of Point Zero Trading Solutions. Overview This EA trades untested fractals using pending orders. It offers many trading behaviors and flexible position […]

PZ Fractal Trader EA is an automated system that was created in January 2019 by developer Arturo López Pérez. Arturo López Pérez is a private investor and market speculator, software engineer, and founder of Point Zero Trading Solutions.

Overview

This EA trades untested fractals using pending orders. It offers many trading behaviors and flexible position management settings, plus many useful features such as customizable trading sessions and a Martingale mode.

Main features of this EA:

  • Easy to use and monitor
  • Implements 4 different commercial behaviors
  • Balance point, SL, TP, and Trailing Stop customizable
  • Works for ECN/non-ECn brokers
  • Works for 2-3-4-5 digit symbols
  • Trading can be compatible with NFA/FIFO
  • Implements a martingale feature
  • Filtering operations by forex sessions
  • Integrated management of money

The EA implements four different commercial behaviors:

  • Regular: The EA will buy in the upper fractal and sell in the lower fractal.
  • Inverse: The EA will be sold in the upper fractal and buy in the lower fractal.
  • Single purchase: The EA will buy in both fractals.
  • Single sale: The EA will be sold in both fractals.

Additionally, the EA implements four modes of money management:

  • Lot size Trade Manual: The EA will negotiate a fixed lot size in each transaction
  • Lot size Auto-calculation: The EA will risk % of the account on each transaction
  • Martingale: The EA will double the size of the lottery after a loss of trade
  • Reverse Martingale: The EA will double the size of the lottery after a winning negotiation.

Input Parameters

Trading Settings – Select trading behavior: regular, reverse, just buy, or just sell.

Position Management – This group of adjustments applies to trading and transaction management decisions. You can select the trading address, the breakpoint in pips, the endpoint in %, the end step in pips, the loss point in pip, and the gain point in pips. Closing pending orders when an operation is performed is optional.

Session Settings – Enable or disable trading for Asian, European, or American sessions.

Money Management – In this configuration block, you can set the lotus size for the first operation, or allow the EA to calculate it for itself. It also implements a Martingale behavior. It is recommended to introduce a manual batch size.

EA Settings – You can select the magic number for operations, custom comment, and manual pip value if you need to override the default. Don’t change them unless you know what you’re doing.

This EA is a general-purpose tool whose success depends on your understanding of the underlying strategy and your ability to configure it. This EA will not generate profits under all market conditions and does not intend to do so. It is up to you to find the best parameters for each symbol and time frame with the strategy tester.

Service Cost

This is a free automated system, this means it is free and does not have user support like other payment instruments. That it is a free tool does not mean that it is bad, in the case of this EA has good ratings from users who have already tried it and have reported having positive returns after having done several tests with it and configuring it properly.

Conclusion

In short, we are talking about an EA that is designed for each trader to configure it according to their trading style. It is necessary to have some knowledge of trading to be able to get a performance from this robot, so we do not see it as very suitable for beginner traders.

 

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Forex Service Review

MC Brain Synchro Multicurrency EA Review

The MC Brain Synchro Multicurrency EA uses an advanced hedge system with correlated currency pairs. When hedging, the EA uses full synchronization with the selected correlation pair. In this review, we’ll provide additional information regarding how the tool works, how successful it is, and what it costs. Overview MC Brain Synchro uses 8 different currency […]

The MC Brain Synchro Multicurrency EA uses an advanced hedge system with correlated currency pairs. When hedging, the EA uses full synchronization with the selected correlation pair. In this review, we’ll provide additional information regarding how the tool works, how successful it is, and what it costs. Overview MC Brain Synchro uses 8 different currency […]

The MC Brain Synchro Multicurrency EA uses an advanced hedge system with correlated currency pairs. When hedging, the EA uses full synchronization with the selected correlation pair. In this review, we’ll provide additional information regarding how the tool works, how successful it is, and what it costs.

Overview

MC Brain Synchro uses 8 different currency pairs for your system, with 2 ligaments that correlate directly, and 2 that correlate inversely. Maximum diversification is thus possible. Even the volatility coefficients of each currency pair are taken into account by this system. In other words, the upward and downward trends, by force and movement, for each currency pair are different. For that reason, it is a mistake to use the same parameters to buy and sell orders of the corresponding currency. In the robot Mc brain synchro EA, all these issues are taken into account.

It is unusual for this system, which has a hedging strategy, to open two positions of the same currency pair in the same instant. Covered entries will be opened only if the previously open position enters adverse terrain. However, if we have open coverage in effect, then the second trade of the Ligament will be opened according to the same type of order that was opened, that is, full synchronization. If the first trade is BUY, then the second trade coverage will be BUY too.

So, if an open trade goes into losses, the robot begins to work on finding the opening of a hedge trade. In addition to the operation described above, we shall also take into account that:

– If the Ligament consists of directly correlated currency pairs and the pairs are moving synchronously, the hedging operation will only open when the hedging currency moves in the exact same direction as the open position.

– If the Ligament consists of inversely correlated currency pairs and the pairs are moving asynchronously, the hedging operation will also open only when the hedging currency moves in the exact same direction as the open position.

On the other hand, it should be taken into account that when we are using the brain synchronization robot in the same account where the multi-currency brain is already installed, efficiency, productivity, and diversification increase. This is because Mc brain synchro opens the trades within the ligament synchronously (in one direction), and this is subject to the hedging coins moving in one direction. Moreover, the multi-currency brain will be directed, independently of the course of the currency.

If we use the default setting, the robot will trade 8 pairs: USDJPY, EURAUD, EURJPY, AUDUSD, EURNZD, NZDJPY, NZDUSD, and GBPJPY (the minimum deposit required with the default setting is USD 500).

The robot works optimally in 1 hour (H1) time frames.

Additional currency pairs are:

-Set N2 for Mc brain synchro. For trading 8 extra pairs: GBPUSD, CHFJPY, EURCHF, GBPCAD, USDCHF, AUDCHF, GBPAUD, AUDCAD.

-Set N3 for Mc brain synchro. For trading additional 8 pairs: EURUSD, AUDJPY, CADJPY, NZDCHF, USDCAD, EURCAD, CADCHF, GBPCHF.

VERY IMPORTANT: These additional sets (Set-N2 and Set-N3) are awarded as a bonus only to users of the unlimited version (EA purchased) and only users who have already tested and tested the EA with the Set N1 in real trade and are completely satisfied with the results and the style of trade.

Service Cost

Mc Brain Synchro is available on the MLQ market, and its price is currently USD 5,000, a price that is not available to many. The EA has a free trial version and the opinions we have found from users are, in general, positive. However, it is not a robot advisable for novice traders due to its moderate complexity.

Conclusion

We are talking about a protective measure and quite necessary for its protection and the protection of your deposit. It is required to carefully verify and test the EA with the default setting (Set-N1) in the conditions of your broker, account type, and currency.

The developer will not provide if you have not tested the EA well enough and/or are not happy with the results of the profitability achieved. To receive the N2 and N3 sets, just send a request in a private message to the developer.

Categories
Forex Service Review

Kiss on Billions Forex EA Review

The Kiss on Billions Forex robot is the result of years of active trading and in-depth research on thousands of Forex strategies and various forecasting tools. This was done with the sole goal of creating the science of online trading engineering. This EA combines several strategies and algorithms. Changing the price of each tick, and […]

The Kiss on Billions Forex robot is the result of years of active trading and in-depth research on thousands of Forex strategies and various forecasting tools. This was done with the sole goal of creating the science of online trading engineering. This EA combines several strategies and algorithms. Changing the price of each tick, and […]

The Kiss on Billions Forex robot is the result of years of active trading and in-depth research on thousands of Forex strategies and various forecasting tools. This was done with the sole goal of creating the science of online trading engineering. This EA combines several strategies and algorithms. Changing the price of each tick, and the maximum precision and speed, the robot works in fractions of a second.

Overview

An essential advantage of the Kiss on Billions EA is that you can start trading with a minimum initial broker deposit of only 300 USD. With this amount, the robot can support your transactions in EUR/USD.

This robot manages your account trading based on the following four processes:

  1. Activities before carrying out a transaction.

These measures concern monetary management and the establishment of new deposits where there are no open positions. Then, you have to forecast and find the trend, as well as check the transaction on any price change (tick), and already finally, you can determine the number and volume of orders.

  1. Opening activities of an operation.

Activities related to the management of the opening of a trade.

  1. Post-transaction activities work to protect transactions while working to achieve the highest possible returns.

These activities are found in two parts of trade investment. They combine various strategies and unique mathematical formulas to follow the current price and calculate the best closing time.

  1. Activities that are related to market exit or the termination of operations.

The measures relate to exit methods. In the first case, the total benefit of the transaction is achieved at the optimum point, in the second, the elimination of operations that are disadvantaged, motivated by a misalignment in the forecast or news that changes the atmosphere of the market. When its balance reaches a certain point, the robot removes these positions into small parts (partial closures) of the charming place.

Kiss on Billions Parameters
  • Symbol: EUR/USD (Each symbol creates its own patterns of movement)
  • Leverage of account: 1:100
  • Account (Stop Out): 50% or less.
  • Account type: Real account
  • Account Mode: Hedge Account
  • Symbol Information: according to the details of the Metaquotes-Demo account (This is very important. Only the maximum order volume and the number of orders or order limits, may be different.)
  • Get benefits: Automatic
  • Stop Loss: Automatic 
  • Batch Size: Automatically available
  • Final Stop: Automatic
  • Time frame: All time frames
  • Profit: More than 17.5 billion USD with an initial deposit of 300 USD: These results are based on a strategy tester and historical data.
  • Fully automated trade EA/ROBOT.
  • Manual Trade: Enable Manual Trade

Monitor the following continuously and on a daily basis:

  1. Confirm that you are using the EA with the EURUSD pair.
  2. Read through any updates and analyze any provided screenshots and comments.
  3. Do not close any open positions manually.
  4. Enter the number 1 in the parameter “Dtnoo.” to use the maximum robot power.
  5. Before lowering or increasing your deposit, turn off the automatic trading mode (Ctrl+E), and turn off the MT5 software.
  6. Read the latest instructions for using the robot. Download the complete data and update all timeframes.

After decreasing or increasing your deposit, turn on the MT5 software, and activate the automatic trading mode (Ctrl+E). The robot will return to its normal state.

Testing the Kiss the Billions robot:

  • To test the EA, make sure you can use the Metaquotes Demo account data.
  • Because the price data of the real account are diverse in different brokers.
  • Note that the configuration of the corresponding screen image must be entered according to the instructions.

Service Cost

The current price of this robot is $1,456 USD. Still, the comments of its users are mostly very positive, referring to the excellent direct communication with the creator, as well as allusions to the benefits that the users get with this system. It also seems that direct assistance from the creator is available, which is excellent. 

Conclusion

We know that the price is somewhat high, but we can advise its use given the positive experiences of the users and the recurring favorable cost-effectiveness obtained through its use. As mentioned above, the creator is readily available to assist users with setup and to answer any questions that traders might have. 

Categories
Forex Service Review

Lolipop Forex Expert Advisor Review

Lolipop EA, created in December 2019 by developer Denys Semenov, is a new neuronet based EA. It is a multi-currency EA and can trade simultaneously in the 3 recommended currency pairs, USDCHF, EURUSD, and USDJPY. Overview Lolipop EA can be traded in any time frame. All currency pairs can be traded, but preferably AUDUSD, EURUSD, […]

Lolipop EA, created in December 2019 by developer Denys Semenov, is a new neuronet based EA. It is a multi-currency EA and can trade simultaneously in the 3 recommended currency pairs, USDCHF, EURUSD, and USDJPY. Overview Lolipop EA can be traded in any time frame. All currency pairs can be traded, but preferably AUDUSD, EURUSD, […]

Lolipop EA, created in December 2019 by developer Denys Semenov, is a new neuronet based EA. It is a multi-currency EA and can trade simultaneously in the 3 recommended currency pairs, USDCHF, EURUSD, and USDJPY.

Overview

Lolipop EA can be traded in any time frame. All currency pairs can be traded, but preferably AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY, and USDCAD.
The EA also adds indicator filters that can be used as additional filters in the EA.
According to some users of this automated system, this EA is characterized by making small gains and significant losses.

Features of Lolipop EA:

Trading Pair – Trading pairs that can be traded. In this section, the user will write the pair that he wants to use.

Fixed batch size – Batch size. If you choose 0.0, it will be traded in the parameter below (Lot as Percent).

Lot as Percentage – Lot size in percentages of the tank you use.

Take Benefit – Take Size Benefit.

Stop Loss – Stop Loss Size.

Final stop – Final step size when 0 – will disable the completion option.

Filter – Slow/fast crossing EMA, MACD, Osma, and envelopes.

Seed up – Error tolerance when opening a purchase order on a signal. In summary, the lower the value, the more selective EA will be in signals and trade with more precision, but more slowly. In percentages.

Seed down – Error tolerance when opening a purchase order on a signal. In summary, the lower the value, the more selective EA will be in signals and trade with more precision, but more slowly. In percentages.

Multy up – The parameter that comes before the result/number that is given to the signal. For further optimization.

Multy down – The parameter that comes before the result/number that is given to the signal. For further optimization.

Monday trading time – Negotiation time for Monday.

Friday trading time – Friday time.

Max spread – Maximum extension on which EA will work.

Order magic number – Magic Number. Always change the magic number if you want to use several Eas in different pairs.

Service Cost

The EA can be purchased on the MQL market for 79 USD. The creator has provided a free demo version which allows the expert advisor to be tested beforehand.

Conclusion

In conclusion, we are talking about an automated system that still has very little time on the market and that probably needs to mature. Today the users of this robot emit negative comments because the robot is giving negative returns. This can be seen in the accounts that the developer has and that can be consulted to see the results of the robot, and indeed the EA has negative profitability to date.

This developer has other EAs on the MQL5 market with very good ratings. For example, the EA called Lolipop MT5, so we think it is reasonable to expect new updates of this EA to see if they improve the results as it is still too early to make a review.

Categories
Forex Service Review

Trend Scalper Pro Forex EA Review

Trend Scalper Pro can be found within the MQL5 marketplace under the Experts category. It was created by Godhani Kashyap Prafulbhai and was first uploaded to the marketplace on the 26th of March 2020, it received its most recent update on the 31st of March 2020 and is currently at version 1.2. Overview Trend Scalper […]

Trend Scalper Pro can be found within the MQL5 marketplace under the Experts category. It was created by Godhani Kashyap Prafulbhai and was first uploaded to the marketplace on the 26th of March 2020, it received its most recent update on the 31st of March 2020 and is currently at version 1.2. Overview Trend Scalper […]

Trend Scalper Pro can be found within the MQL5 marketplace under the Experts category. It was created by Godhani Kashyap Prafulbhai and was first uploaded to the marketplace on the 26th of March 2020, it received its most recent update on the 31st of March 2020 and is currently at version 1.2.

Overview

Trend Scalper Pro is an EA that can be used with the MetaTrader 4 trading platform, it was developed to focus on co-relation factors within the markets, it will also use divergence and trend reading. The EA is fully automated so you do not need to maintain it, the Ea will work with multiple currency pairs which means that it is able to catch more trends to gives you the maximum probabilities for profits throughout the day.

The main pairs to use with this EA include EURUSD, EURJPY, GBPUSD, GBPJPY, GBPCHF, AUDUSD, AUDJPY, AUDCHF, USDJPY, and USDCHF. It is best to use it on the M15 timeframe and it will use strict take profit and stop-loss levels. You must use it on an ECN account as it requires low spreads, the maximum drawdown expected from the EA is 10% and it does not use martingale, grip, or averaging, only trend following strategies.

Service Cost

Trend Scalper Pro will cost you $150 to purchase it outright, this will give you up to 5 activations of the EA with no other limitations. There is also the option to rent it for a three month period which will cost you $50 to do so. A free demo version is also valuable to sue with the strategy tester within the MT4 platform.

Conclusion

There are no user reviews which makes it hard for us to know whether the EA is functioning properly or is profitable for those that are using it. There was a comment from a customer, the developer responded o them quickly which was good to see and shows what sort of support you may receive should you decide to make a purchase or a rental.

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Forex Service Review

The Real Bank Robber Forex EA Review

The Real Bank Robber is an EA that was created by Oleg Arsentev in January 2020, so we are talking about a newly created tool. This robot, written by the creator Oleg Arsentev is based on his many years of experience in the Forex market. Trying to get “easy” money took him from one end […]

The Real Bank Robber is an EA that was created by Oleg Arsentev in January 2020, so we are talking about a newly created tool. This robot, written by the creator Oleg Arsentev is based on his many years of experience in the Forex market. Trying to get “easy” money took him from one end […]

The Real Bank Robber is an EA that was created by Oleg Arsentev in January 2020, so we are talking about a newly created tool.

This robot, written by the creator Oleg Arsentev is based on his many years of experience in the Forex market. Trying to get “easy” money took him from one end to the other. One way to another, another to the next, etc. And finally, he found a fascinating strategy. Everything is simple when a marked change in price appears, and at the same time there are a couple of conditions that will not be disclosed, the advisor establishes pending orders. When an order is activated, in a given period of time, the position begins to be followed by a Stop Loss.

Otherwise, after a certain time, the pending order is removed. According to the developer, this automated system is capable of generating positive returns year after year. The amount of profit depends only on the activity of the market. In the adjustments, there is a mandatory point to control the unexpected loss.

The grid strategy is missing. Martingale and Martingale are hidden, and (increase in the number of orders) are not used. This expert can negotiate with almost any standard broker. Therefore, the creator invites every trader to download the demo version, in order to be able to see the consultant in operation before contemplating a rental of the same.

The main features of this tool are:

  • Final stop
  • Stop loss
  • Takeprofit
  • Time to start – time to start work
  • Time to complete – time to complete work
  • Prefix for tool name – prefix for tool name
  • Tool name suffix – suffix for tool name
  • Double batch in reduction (no martingale) – fold lot in reduction (no martingale)
  • Stoploss for ‘Double lot’ – Stoploss to bend a lot
  • Time frame 5 – 15 min.
  • ECN account if possible.
  • It is advisable to use the default settings.

We are dealing with an enigmatic robot, of which we do not know all the details well because its creator has left several variables undisclosed.

In any case, it is a well-studied tool and the result of a long-term study. We have seen results from 2010 to 2019 and the reality is that they have all turned out to be profitable, even though we are talking about screenshots, so we will have to trust that this is the case.

Being a very new tool there are not many comments, but the few that there are very positive, so we can stick to the recommendation of the creator and try the trial version even in a demo account, to see the real functioning of the robot.

The Real Bank Robber is a robot that is only available for rent on the MQL market. The rental prices are 136 USD for 1 month, 400 USD for 3 months, and 782 USD for 6 months.

It is certainly not a tool for all pockets, it is a significant investment, so we insist, it is essential to try the free version and we can also wait a few months to see how the robot evolves and have more data and assessments from other users to know if it is so profitable.

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Forex Service Review

Universal Premium Expert Advisor Review

Universal Premium Expert Advisor is the premium version of Universal Expert Advisor, with both products being created by an undisclosed individual or company. The EA offers fully automated trading that is designed to bring in a hefty profit for any trader that uses it.  Overview Universal Premium EA is a beginner-friendly trading robot that offers […]

Universal Premium Expert Advisor is the premium version of Universal Expert Advisor, with both products being created by an undisclosed individual or company. The EA offers fully automated trading that is designed to bring in a hefty profit for any trader that uses it.  Overview Universal Premium EA is a beginner-friendly trading robot that offers […]

Universal Premium Expert Advisor is the premium version of Universal Expert Advisor, with both products being created by an undisclosed individual or company. The EA offers fully automated trading that is designed to bring in a hefty profit for any trader that uses it. 

Overview

Universal Premium EA is a beginner-friendly trading robot that offers simple drag and drop installation, along with preset settings that don’t have to be tampered with. The EA continuously looks for trades both day and night while employing protective stops to manage risk. Universal Premium EA can be used with all currency pairs and it is compatible with the ever-famous MetaTrader 4 platform, which is available through most brokers. Here are a few more of the EA’s features in a nutshell:

  • Works with all currency pairs
  • Compatible with the popular MT4 platform
  • Uses protective stops to secure profits
  • Works with micro, mini, and standard size lots
  • Automated stop loss and take profit

If you take a look at screenshots provided by the developer, you’ll see a high profitability (around 90% or higher) with a monthly gain of 83.71% for one of the months when the EA was tested. If you take a look at the non-premium version, you’ll see a much higher gain of 7000% over a 9-month period of time, which suggests that this version has not had time to become as established as the older EA, or that the developer simply didn’t take the time to provide as much proof. 

Service Cost

Universal Premium Expert Advisor is surprisingly available for €300 (roughly $354 USD), making it the same price as the non-premium version. Free customer support is also available to any customer that purchases this product. It seems as though this version works with all currency pairs and lot sizes, while the other version may or may not. However, it isn’t clear as to why the cost is the same for both, as the developer doesn’t paint a clear picture of the differences. 

Conclusion

Universal Premium Expert Advisor is advertised to have secured more than 7000% in profits in a 9-month period of time. The software is ideal for beginners, as it requires a slim $300 deposit, costs $300, and is fully automated with preset settings and easy installation. The advisor works with every currency pair and uses risk-management precautions, including protective stops and take profit levels to protect your profits. On the downside, user reviews aren’t available online, meaning you’ll have to go by the developer’s screenshots and trust those accounts of the product’s success. Despite the lack of reviews online, the developer does provide a decent amount of history and proof to back up this EA, but it would be nice to see results from a longer period of time.

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Forex Service Review

Vader Forex Robot EA Review

Vader Forex Robot is the name of a Forex Expert Advisor or an automatic trading robot that is developed by Forexrobottrader.com. Some reviews talk about this robot as a scam, let’s check it out. What are Forex Signals or Indicators? Many Forex indicators are developed to give traders trading signals that are more or less […]

Vader Forex Robot is the name of a Forex Expert Advisor or an automatic trading robot that is developed by Forexrobottrader.com. Some reviews talk about this robot as a scam, let’s check it out. What are Forex Signals or Indicators? Many Forex indicators are developed to give traders trading signals that are more or less […]

Vader Forex Robot is the name of a Forex Expert Advisor or an automatic trading robot that is developed by Forexrobottrader.com. Some reviews talk about this robot as a scam, let’s check it out.

What are Forex Signals or Indicators?

Many Forex indicators are developed to give traders trading signals that are more or less accurate as well as consistent. With a sound indicator system, traders can spend less time monitoring the market.

Traders receive expert advice from these robots, which is why they are called Expert Advisors (EAS). Indicator suppliers sell Expert Advisors. It is prevalent for an EA Forex provider or a trading signal provider to start with claims that you are going to become a rich man. This is because many traders look for the easiest way to trade effectively and make more profit.

But traders have to be careful to believe everything that is said in the business environment. There’s always someone who’s meant to cheat and take your money. It is very necessary to take into account what is offered, and the evidence that they give us, in order to try to discover a good EA.

Vader Forex’s EA says it is “unstoppable” on its website. Many incredible features are said about this EA. Vader Forex Robot is defined as “powerful, intelligent and highly accurate.

It is also commented on their website that they promise very high performance, with proof of their performance over the years. Trading is entirely automatic, and traders do not have to worry about trading. Impressive numbers are published on its website to attract customers. Sellers are popular in the Forex market as well, presenting the product with a certain degree of legitimacy.

How the Vader Forex Robot Works

Vader Forex Robot is said to use Fibonacci’s daily levels as a tool to find good trades. Cutting a chart into small pieces to discover predictable trades. Vader Forex Robot runs a new software called Gryphon Trading Engine 3, which has more than 30 new features, updates, and enhancements.

There are also signs of oversold and oversold. This feature is about negotiating prices as they move away from the middle zone and have to return to it. A default optimized setting for more than 20 currency pairs is available, and no adjustments are required. The chats can be downloaded so that the trader can do ex-post analysis.

Detecting trend changes is another of the robot’s capabilities, and you can combine this function with Fibonacci levels. Automatic Stop Loss and Take Profit levels are set using a smart algorithm based on Fibonacci and momentum levels.

Robot Price, Reviews, and Support

Today, traders are offered a 50% discount, so the Vader Forex Robot EA now costs 99 USD instead of the usual 199 USD.

On the Vader Forex website, we found positive feedback; however, we preferred to find out more on third-party websites. After reviewing several sites, most reviews are negative, especially the most recent ones. This is somewhat discouraging and causes the image of the company to be damaged.

Also, when we want to know the results, many are posted on the website, but there is no information about them on verifiable third party websites. This is another negative point for this robot.

To access customer service, customers must subscribe to the Newsletter, so that they can obtain information on a regular basis.

Conclusion

The price of the Vader Forex Robot is quite competitive, and the company provides some details about the strategy used. However, the multitude of negative reviews spoils the image of Vader Forex Robot. The absence of verified results is something necessary for the purchase decision of any trader, and we do not know this fact of Vader Forex.

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Forex Service Review

Forex Gump Expert Advisor Review

Forex Gump EA is a professional trading robot that was created by an undisclosed individual or company with the goal of bringing in automatic profits for any trader that purchases the software.  Overview Forex Gump EA automatically places trades on your trading account every day using a News Filter and candle. It offers a low, […]

Forex Gump EA is a professional trading robot that was created by an undisclosed individual or company with the goal of bringing in automatic profits for any trader that purchases the software.  Overview Forex Gump EA automatically places trades on your trading account every day using a News Filter and candle. It offers a low, […]

Forex Gump EA is a professional trading robot that was created by an undisclosed individual or company with the goal of bringing in automatic profits for any trader that purchases the software. 

Overview

Forex Gump EA automatically places trades on your trading account every day using a News Filter and candle. It offers a low, medium, and high-risk preference setting, which can really affect your risk tolerance and profits. The robot also uses a different take profit setting on every trade in order to find the best option based on the current market. These details help to provide better results. Here are some important facts about the robot: 

  • Works with 9 currency pairs: AUDUSD, EURCHF, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF, and USDJPY
  • Works on the M1 timeframe 
  • Monitors trends, prices, and news
  • Compatible with the MetaTrader 4 (MT4) platform
  • Trading preference can be set to high, medium, or low risk
  • The Expert Advisor uses a unique take profit order for every single trade which is adjusted according to the market’s current setup

According to the developer, the robot was able to profit more than 1000% in just one year. The developer attributes some of the software’s success to the fact this the robot does not fall victim to human emotions and that it never sleeps, although these facts are true for any Expert Advisor. 

Service Cost

Forex Gump EA requires a hefty deposit of $4,000 on a regular account, with a smaller option of a $40 deposit on a micro/cent account. Two versions of the EA are available, both offer a 30-day money-back guarantee, free updates, and 24/7 support. The cheaper option costs $199 and works on one live account while allowing one demo account. The second version works on three live accounts and allows for an unlimited number of demo accounts for $200 more. This appears to be for a lifetime license; however, the website does not state this outright. 

Conclusion 

Forex Gump EA is advertised as a profitable Expert Advisor that can be used by both beginners and professional traders with the potential to make more than 1000% in profits per year. The software works with several different currency pairs on the M1 timeframe while using adjusted settings for every take profit level and allowing users to choose their preferred risk level from high, medium, or low-risk choices. While it is difficult to find user reviews online, you will find several other reviews that have tested the product and posted their results online. This shows that others have in fact managed to turn a profit using this system, proving that Forex Gump EA is a profitable system that is likely worth its $199-$399 price tag.

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Forex Service Review

Fibo Heart Expert Advisor Review

Fibo Heart Expert Advisor is a tool that was created in May 2019 by developer Mohd Khairol Amin Ramli. This tool is designed for traders who want to place a pending order automatically, make profits, and stop losses. In this review, we’ll outline exactly what this Forex EA will potentially do for you. The Fibo […]

Fibo Heart Expert Advisor is a tool that was created in May 2019 by developer Mohd Khairol Amin Ramli. This tool is designed for traders who want to place a pending order automatically, make profits, and stop losses. In this review, we’ll outline exactly what this Forex EA will potentially do for you. The Fibo […]

Fibo Heart Expert Advisor is a tool that was created in May 2019 by developer Mohd Khairol Amin Ramli. This tool is designed for traders who want to place a pending order automatically, make profits, and stop losses. In this review, we’ll outline exactly what this Forex EA will potentially do for you.

The Fibo Heart EA strategy will put the boundary order after the checkpoint break. The position will be activated when the price makes a successful test. If not, the pending order will be automatically deleted after the price reached a certain level. You also have the option to enable market order (instant execution) and take personalized benefit in setting up entries. This EA must be connected to the Fibo Heart Indicator to work properly. The Fibo Heart Indicator can be found in the MQL market indicators section.

How to Use the Fibo Heart Expert Advisor

Attach Fibo Heart Indi (automatic fib indicator) to your chart. Fibo Heart Expert Advisor will automatically place your order, set the stop loss, and take profit on the fib level. This EA will not open commands if there is no Fibo Indicator on your chart.

Fibo Heart Expert Advisor input parameters:

-You can modify the tickets according to your trade.

-Lot size: Your order volume, default = 0.01.

-Follow the trend: This is for order mode either Normal (Buy & Sell), Buy Only or Sell Only. You can use these options to follow the trend for your order.

Instant Execution

-Enable market order: Option if you want instant EA execution enabled at market price, default = false.

-Market order tp: This is to take profit by market order if enabled, by default = Custom.

Custom Take Benefit

-Custom tp: You can set how many pips for profit. You can use for all orders (pending or instant), default = 5.

https://youtu.be/lv1SldWhWcM

Stop Loss

-Stop loss: Set your stop loss, default = true.

-Stop loss pips: You can set how many pips for your stop loss. Count from the monitor trading level, default = 50.

Auto Delete Pending Order

-Delete po tp1: Automatically set to delete the pending inactive command if the price reaches level TP 1, default = false.

-Delete po tp2: Automatically set to delete the pending inactive command if the price reaches level TP 2, default = false.

-Delete po tp3: Automatically set to delete the pending inactive command if the price reaches level TP 3, default = false.

-Delete po new fibo: Automatically set to delete the pending inactivated order if the flag draws new fibo, default = true.

Conclusion

In short, this is a tool for traders who want to base their operations on pending orders. Fibo Heart Expert Advisor works with the setbacks of Fibonacci, a tool widely used by traders. If you are a trader without experience in the markets, you cannot be familiar with Fibo setbacks, our advice is to study how they work before you try this EA.

We have not been able to see comments about the functioning of this EA, we understand that there are many Fibo-based EAs that are much simpler than this and more tested by the MQL user community.

Before purchasing, we advise you to download the demo version of this tool. We do not believe it is a valid EA for all traders, but for those who trade long-term with outstanding orders on long trends.

This EA is available on the MQL market at a price of 50 USD, and you can also rent it for 10 USD per month.

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Forex Service Review

FireworX Evolution Forex EA Review

FireworX Evolution EA is a robot created in April 2020 by German developer Michael Martens. Fireworx uses ideas from Random Walk and Mean Reversion Money Market Focus. The EA was developed in 2019 and an expanded version of professionally managed real money accounts has been used since the beginning of 2020. The available version is […]

FireworX Evolution EA is a robot created in April 2020 by German developer Michael Martens. Fireworx uses ideas from Random Walk and Mean Reversion Money Market Focus. The EA was developed in 2019 and an expanded version of professionally managed real money accounts has been used since the beginning of 2020. The available version is […]

FireworX Evolution EA is a robot created in April 2020 by German developer Michael Martens. Fireworx uses ideas from Random Walk and Mean Reversion Money Market Focus. The EA was developed in 2019 and an expanded version of professionally managed real money accounts has been used since the beginning of 2020. The available version is equally suitable for cost-effective use and has a wide range of comfort and safety features. A range of information clearly shows all major performance data on icons and portfolios.

Adjustment characteristics and parameters:

  • Magic number: Used to corroborate EA and its operations (portfolio).
  • Take Profit Pips: first trade races.
  • Beast Mode Multiplier: Increases package wins with multiple games.
  • Use Silent Mode: sends TP to the server when false (Standard: true).

FireworX EA Settings

-Read Portfolio File (Komfortfeature): Read the objectives of the text file portfolio

-Max Spread for Hedge Exit: maximum differential allowed to exit a locked position.

-Dynamic filters (safety features): prevents re-use in certain market situations.

-Max Trades L/S, 1st Step, 1st Multi, 2nd Step, 2nd Multi: Parameters for the management of subsequent stages.

-Increase Lots: dynamic increase of the reference value in the later phases (true/false).

-Use Target Trailer: Trailer Trailing Stop to ensure an elemental position (true/false).

-Use Tick Mode: if “true” it is possible to trade with each tick.

Important Observations

The predefined parameters already give good results. The recommended minimum account size for these parameters (maximum 9 operations, start 0.01 = dynamic reference value) is EUR 30,000/CHF/USD for a marketed symbol (for example, EURCAD). All (main) markets are tradable and a spread of less than 4 PIP (default value) is recommended. Currently in demo account testing, 24 different coin pairs with two different sets.

In conclusion, it seems that we are dealing with a quite professional robot, or at least the developer makes us understand that its main use was designed for portfolio management and has now developed this EA for use in private accounts. In presenting this EA, the creator provides several screenshots with alleged benefits gained from managing this EA but does not provide an audited real account which is what would be desirable, and more knowing that this system has already been used previously for the management of foreign capital.

It is advisable to download the demo version to see how this EA works and see its results before renting this EA because it is not available for sale. The rental price of Fireworx Evolution EA is USD 179 per month, certainly a major investment that will not be available to many, and that will require a fairly large balance account to make it profitable to use.

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Forex Service Review

Loodle Forex EA Review

Loodle EA is a Forex trading robot created in April 2020 by developer Raphael Schwiet. Loodle is a high-quality automated consultant who is fully optimized for the future market at EURUSD M15. It is specially designed for the latest market situations. It’s working with its own complex algorithm combined with some indicators to get entry […]

Loodle EA is a Forex trading robot created in April 2020 by developer Raphael Schwiet. Loodle is a high-quality automated consultant who is fully optimized for the future market at EURUSD M15. It is specially designed for the latest market situations. It’s working with its own complex algorithm combined with some indicators to get entry […]

Loodle EA is a Forex trading robot created in April 2020 by developer Raphael Schwiet. Loodle is a high-quality automated consultant who is fully optimized for the future market at EURUSD M15. It is specially designed for the latest market situations.

It’s working with its own complex algorithm combined with some indicators to get entry and exit opportunities. The entry and exit logic only works in Bar Close. This filters out market noise, dramatically accelerates optimizations, prevents hunting for loss of stop, and ensures proper operation in any runner with a reasonable length.

Loodle EA uses an advanced algorithm to find entry points as well as several additional filters to enter and exit the market. The EA was tested with historical data with exceptional results. The tests were performed with the actual tick date with 99.90% accuracy, actual propagation, additional slip, and high commission.

Loodle EA Characteristics

*Does not use toxic or dangerous strategies such as martingale, arbitrage, tick picking, no… curve adjustment, etc.

*5 years 99% test quality with 1 lot size.

*Backtest Method Faster with Model: Open Prices Only (Input and Output Logic Works in Closing Bar)

*There is no need for optimization.

*Optional TP /SL Basket function for daily earnings.

*When TP or SL Basket came to stop trading for the rest of the day and start the next day a new session.

*Best optimized for real market situations.

Service Recommendations

*Works best with 4-5 digit brokers.

*Propagation filter.

*Equity Stop.

*Protection of reduction.

*Take profit Basket Function.

*Stop-loss basket function.

*Stop trading the Rest of the day TP/SL Basket Reached.

*Quick buttons for closing open orders (Close all, Close profit, Close loss, Close buys, Close sells).

*Info panel with EA information.

*5 Types of Money Management (Fixed Lot, Percentage, Geometric, Proportional, Balanced).

*Negotiating times are adjustable.

*Advanced algorithm to get in and out of the market.

Functionality

Deadline: M15 (It is not recommended to use other deadlines for this robot, as they can only compromise the accuracy of operations.)

Symbols: EURUSD (This robot is not used in other pairs.)

Other Recommendations

Before using real money, test the advisor with minimal risk in the penny trading account. Use VPS or server with minimal network delays on broker server. Low spreads + low commission + quality execution – this is the main thing when choosing a broker for trading with this EA. Note that account coverage is allowed.

Conclusion

We have already analyzed other tools created by the same developer. In the case of Loodle, we are talking about an EA that works with the EURUSD in M15 time frames and using indicators that the creator does not reveal. And analyzing the rest of the characteristics we see that it is a product like another EA that has in the market MQL and that is called “Eagle EURUSD”.

Being also a product of very recent creation, we do not have comments from users who have already tried the tool and can tell us how their results have been. At this point, and given the little information provided by the developer, the most advisable thing in this EA is to download its demo version and know how it works, familiarize ourselves with its functions and see what results it gets, even if it is in a demo account.

Loodle EA is available on the MQL market at a selling price of 499 USD. There are also rental options, at a price of 199 USD for 3 months, 299 USD for 6 months, and 399 USD for 1 year.

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Forex Service Review

Forex Kore EA Review

Forex Kore EA was created to trade automatically, without requiring any effort on the trader’s behalf by analyzing the past market in order to make decisions about which strategy to use and to predict future market patterns. The company behind the software is somewhat of a mystery and can only be contacted by submitting a […]

Forex Kore EA was created to trade automatically, without requiring any effort on the trader’s behalf by analyzing the past market in order to make decisions about which strategy to use and to predict future market patterns. The company behind the software is somewhat of a mystery and can only be contacted by submitting a […]

Forex Kore EA was created to trade automatically, without requiring any effort on the trader’s behalf by analyzing the past market in order to make decisions about which strategy to use and to predict future market patterns. The company behind the software is somewhat of a mystery and can only be contacted by submitting a ticket from the product’s website. 

Overview

Forex Kore is a fully automated trading robot that uses adaptive market analysis to make predictions about the current market based on past market patterns. This helps the robot decide which type of strategy to use based on the market’s current situation. It is advertised as being “simply the most advanced robot available to the public”, although this statement is more opinion than fact. Here are some of the software’s features:

  • Can trade in multiple (9) currencies simultaneously 
  • Precisely enters and exits trades at the correct price
  • Volume tracker
  • Easy installation
  • Designed to be “self-teaching”
  • Money-management tool helps to minimize risk

The product’s website claims that it was able to turn $5,000 into $384,474 with 7 years of full-time trading. They then go on to post photo evidence to seemingly prove this statement.   

Service Cost

If you open a cent account, you can deposit as little as $50 to get started using this robot. You’ll also need to pay $129 to purchase the trading software through what appears to be a one-time licensing fee. A 60-day money-back guarantee is also featured on the website for clients that are not satisfied with the product.

Conclusion

Forex Kore EA was designed to be 100% fully functioning without requiring any effort on the trader’s behalf. If claims of being the most advanced robot and turning hefty profits are true, then traders won’t have to put in much effort to become successful. The cost is fairly small; however, we were concerned about the information we found online after doing further research. Here are some user reviews:

“Support does not exist, I have three open tickets on their website, none that have a response. The EA traded fine for a while but has now stopped completely and the Experts tab is full of errors.” -fxfatcat

“From my own experience they just won’t reply to your emails once they realize they aren’t going to get more money out of you.” -Joe

As you can see, customer support is not always responsive and has even completely ignored some of its customers. This makes us wonder if Forex Kore EA actually honors its advertised 60-day money-back guarantee, or if support would simply ignore any trader asking for it. We aren’t saying that this is a product to stay away from completely, but don’t trust everything you read on the website, and be sure to keep a close eye on the robot if you choose to buy it.

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Forex Service Review

Alligator Trader Professional Trading Robot Review

Alligator Trader EA is an automated system created in April 2020 by developer Ciprian Ghebanoaei. Alligator Trader is a fully automatic expert trade consultant. This robot has been designed specifically for trading with the USDJPY currency pair. In the tests carried out by the creator, it has been concluded that the time frame in which […]

Alligator Trader EA is an automated system created in April 2020 by developer Ciprian Ghebanoaei. Alligator Trader is a fully automatic expert trade consultant. This robot has been designed specifically for trading with the USDJPY currency pair. In the tests carried out by the creator, it has been concluded that the time frame in which […]

Alligator Trader EA is an automated system created in April 2020 by developer Ciprian Ghebanoaei. Alligator Trader is a fully automatic expert trade consultant. This robot has been designed specifically for trading with the USDJPY currency pair. In the tests carried out by the creator, it has been concluded that the time frame in which this EA performs best is in M30, although it has also had good results in other different time frames.

This EA does not need complicated configuration parameters, as it already comes ready for use in just a few minutes. The expert advisor, after downloading, comes prepared to work with the USDJPY currency pair and an M30 time frame. The user only needs to decide on the choice of lot with which he wants to trade.

Alligator Trader EA has an intelligent algorithm that detects the market trend, in this case, the USDJPY, and filters out the noise generated by the market. The expert will always create commands on the direction of the trend. The input and output commands are given by a combination of two indicators that can be found on any MT4 platform: Crocodile Indicator and Williams Percent Range.

The robot also contains stop loss and take profit, which provides capital security for times when volatility is high, for example, due to news or high impact events. The expert was tested on 1 year of USDJPY historical data. The user can test other currency pairs to check their profitability outside the USDJPY. This expert is optimized for USDJPY. Obviously, each currency pair has its own features. The recommended minimum deposit to start trading with this EA is 500 USD.

The creator recommends, as with any EA, the use of a virtual server or VPS while the advisor is working. If the user has no possibility to have this resource, he will be forced to have his computer turned on 24/7. Having a solid broker is important. Possibly an ECN account with low latency so that market orders can be executed as soon as possible.

In short, we are talking about a quite simple robot, one which the developer based on what works. Specifically, this EA uses 2 combined indicators, the Crocodile Indicator and the Williams Percent Range. Due to its simplicity, this is an EA suitable even for the most novice traders, as is very easy to understand and does not need any additional adjustments as this robot is already configured from the origin by the author.

As it is a newly created tool, it does not yet have comments from other users that give us an idea of how it has turned out to work. It is advisable to wait a while to see how this robot develops and if the results are good, we can consider using it. Either way, it has a demo version where we can test the robot and put it into operation, both with the currency pair commented by the author, USDJPY and with other currency pairs.

If you are interested in this tool and want to buy it, it is available on the MQL market at a price of 75 USD and is also available for rent at a price of 10 USD for 3 months of use.

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Forex Service Review

Alpha Z Accounts Monitoring EA Review

Alpha Z is an expert consultant that was created in April 2020 by developer Juan Perez Pereira. Alpha Z is not a mere expert advisor. This automated system is the combination of a perfectly combined set of business strategies that complement one goal: diversify and win. Many business strategies do not always have good results […]

Alpha Z is an expert consultant that was created in April 2020 by developer Juan Perez Pereira. Alpha Z is not a mere expert advisor. This automated system is the combination of a perfectly combined set of business strategies that complement one goal: diversify and win. Many business strategies do not always have good results […]

Alpha Z is an expert consultant that was created in April 2020 by developer Juan Perez Pereira. Alpha Z is not a mere expert advisor. This automated system is the combination of a perfectly combined set of business strategies that complement one goal: diversify and win.

Many business strategies do not always have good results on their own, and often the combination of several of them can become a winning system. Alpha Z implements a set of powerful combined strategies that counteract the reduction periods of each of them. Thanks to this confluence of strategies, the risk is minimized, seeking higher profits continuously with exponential growth of profitability. All this good result is achieved without implementing any toxic and dangerous system like martingale, grid systems, etc.

What You Should Know about Alpha Z

Keep in mind that Alpha Z is not just a trading strategy, it is a number of strategies, and they all work simultaneously and independently. This implies that there may be different open trades at the same time, even in the opposite direction. This is just each of their strategies working independently and, at the same time, they are complementary to each other. All operations will always have Stop Loss and Take Profit, and will be managed by Alpha Z

https://youtu.be/Yuk0eBcdT18

Alpha Z Recommendations

-The time frame to use with this automated system is H4.

-The best results have been observed with the EUR/USD currency pair.

-As with any EA, the use of a VPS or virtual server is highly recommended. If you do not have VPS, you will need to have your computer on 24/7.

-The broker with whom you have your account must have 5-digit quotes, and the account must be ECN. It is also important that the broker has low latency so that transactions are executed as quickly as possible.

-Stop Loss and Take Profit are always used and automatically placed when a purchase or sale order is executed.

-This strategy does not use toxic strategies, such as Martingale, without scalping, without coverage, or grid systems, etc.

Account management with Alpha Z

Depending on the investor profile of each user, we can make a larger or smaller deposit, according to our risk aversion.

  • In AGGRESSIVE mode, the minimum capital is 100 USD.
  • In NORMAL mode, the minimum capital is 500 USD.
  • In CONSERVATOR mode, the minimum capital is 1000 USD.
  • In ULTRA CONSERVATOR mode, the minimum capital is 2000 USD.

In short, we are talking about an EA of which the developer barely gives us details of how it works. We only know that it combines several strategies and that they all act independently and in a complementary manner.

Despite being a tool that has very little time on the market, it already accumulates several positive reviews from users who are very satisfied with the functioning of Alpha Z. We have not found negative comments.

One of the best options is to download the free demo version to test this EA and see the results it offers for ourselves. In case you want to purchase this robot, its price in the MQL market is 999 USD, an important investment, and that will not be within reach of all pockets. It is also possible to rent it for one month at a price of 80 USD or 6 months for 390 USD.

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Forex Service Review

News Scope EA Pro Review

News Scope EA PRO is an automated system that was created in February 2020 by developer Lachezar Krastev. News Scope EA PRO is based on a highly efficient and potentially profitable strategy for high-impact news trading. Normally, when a relevant news event is broadcast, the price moves in one, or both directions and this creates […]

News Scope EA PRO is an automated system that was created in February 2020 by developer Lachezar Krastev. News Scope EA PRO is based on a highly efficient and potentially profitable strategy for high-impact news trading. Normally, when a relevant news event is broadcast, the price moves in one, or both directions and this creates […]

News Scope EA PRO is an automated system that was created in February 2020 by developer Lachezar Krastev. News Scope EA PRO is based on a highly efficient and potentially profitable strategy for high-impact news trading.

Normally, when a relevant news event is broadcast, the price moves in one, or both directions and this creates an opportunity for scalping in the short term. If the extent of price movement is significant enough, the cold trader earns 20, or in some cases even more than 100 pips in a few seconds. Of course, nothing is perfect and liquidity problems at a time of such high volatility could lead to increased spread, delayed implementation, and slippage. In recent years, however, the conditions of brokers are continually improving and the spread of the most important news is better than ever. This creates an excellent opportunity for relevant news trading.

News Scope Features of EA PRO

  • Semi-automated and fully automated modes.
  • Precise time and news detection filters included.
  • High propagation detection filter.
  • Single or multiple cascade command modes.
  • Go out for a final stop, or recoil detection.
  • NFP and FOMC trading modes.
  • Support for multiple currency pairs.
  • The only option for longs and shorts.
  • Customized time management function.

If you are a trader who likes news trading, News Scope EA PRO can be a good tool for you. The recommended time frame is M1. The recommended currency pairs are EURUSD, USDJPY, USDCAD, AUDUSD, and GBPUSD.

The developer has performed REAL TICK data optimizations and 99.90% real quality variable differential testing for various currency pairs. It has also used two independent Dukascopy and Alpari ECN Pro data sources.

The developer comments that it is important to use “News Scope EA PRO” only on well-known and reputable ECN brokers. If you repeatedly notice unusual spread increase, too high slide, or run delay, you should not use News Scope EA PRO on this broker.

Configuration News Scope EA PRO

  • Fixed lots – fixed trading volume (works if Automm=0).
  • Automm – values greater than 0 (zero) automatically activate ММ (volume traded as a percentage of free margin).
  • General Configuration
  • Slide – maximum slip allowed for the opening position.
  • Max spread – maximum propagation allowed for the opening position.
  • Magic number – It is extremely important to keep this different for all robots.
  • Start trail – value in pips. When trading profit is equal to this value the EA set stops.
  • Trail stop – value in pips. The final stop value.
  • EA comment – text to be added as a comment to each trade opened by News Scope EA PRO.

In short, we are talking about an EA designed to run on the coincidence of high-impact economic news. This robot will detect sudden movements in the price to try to make the most of the upward or downward paths that are produced by the impact of the news.

A very important tool if you use this EA is to know very well the economic calendar and to take into account the news of each day that may have an impact on the different financial assets.

Certainly, this is an EA of very recent creation and at the moment there are no user ratings that have tested it. The best we could do, if you are traders who like to trade with the news is to download the trial version and check its performance with some high impact news, such as NFP, oil inventories, etc.

News Scope EA PRO is available on the MQL market at a price of 117 USD (its launch price was 147 USD, it is currently being promoted). There are no rental options available.

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Forex Service Review

Forex King 2 Hedging EA Review

Forex King 2 hedging EA is an automated system created in January 2020 by developer Michael Yu. Forex King 2 EA is the ideal trading EA for novice traders. It is easy to set up. There is no need to install indicators, as everything is integrated into the robot. The number of parameters needed to […]

Forex King 2 hedging EA is an automated system created in January 2020 by developer Michael Yu. Forex King 2 EA is the ideal trading EA for novice traders. It is easy to set up. There is no need to install indicators, as everything is integrated into the robot. The number of parameters needed to […]

Forex King 2 hedging EA is an automated system created in January 2020 by developer Michael Yu. Forex King 2 EA is the ideal trading EA for novice traders. It is easy to set up. There is no need to install indicators, as everything is integrated into the robot. The number of parameters needed to set up the EA is minimal, so you may have the robot running in a few minutes after your purchase. This EA works very well in EURUSD, where it gets the best results. Possible losses will be minimal if you use 0.01 starting batch size.

The fact that Forex King is easy to use and set up doesn’t mean it’s not powerful. It’s a pretty powerful robot. The developer invites users to test the EA in the demo version with 2 assets, Gold (XAUUSD) or EURUSD in the 5-minute table and see the result.

Commercial Strategy

The Expert Advisor identifies the trend based on its built-in logic and the configuration provided by the user. The robot seeks to open the first cycle trade in the right direction of the trend. If the trade is a loss using the network for recovery and all positions will be closed when the total profit exceeds the specified take profit.

Some input variables for Forex King 2 Hedging EA are:

  • Show side panel – shows the information panel on the right side.
  • Color of variables – the color text value of the side panel.
  • Strategy – Select the strategy to use
  • Enable Safe Mode – Enable or Disable Safe Mode Switch
  • Default batch size – Set the default batch size
  • Maximum batch size – set the maximum allowable batch size.
  • Batch Multiplier – The Batch Size Multiplier
  • Dollar Loss $$ – Dollar amount loss to close all open operations
  • Dollar Profit $$ – Dollar profit amount to close all open trades
  • Stop-loss – stop-loss size
  • Take Profit – The Size Of Taking Profit
  • Final stop – the size of the final stop
  • Additional batch – add batch size to each order
  • Stop the next cycle – stop the new trade once the current cycle has closed
  • Manual step – use manual step
  • Step Multiplier – the grid size multiplier
  • Number of candles – How many bars to use to calculate break
  • Price distance-distance added to the current price

Forex King 2 Recommendations

*The assets recommended for trading with this EA are EURUSD, EURCAD, and XAUUSD (gold).

*Recommended time frame: 5 minutes (M5)

*VPS (Virtual Private Server) is recommended or keep your computer on 24/7.

The developer recommends testing this EA on the Demo account for at least 2 weeks to see and understand how the grid system works. By default, the grid system does not use stop loss as it uses the grid for recovery instead. It is very important that you always trade with 0.01 lot as your start volume.

In conclusion, we are talking about a powerful robot, but very simple to use and to understand, even if the creator recommends its use for 2 weeks before starting with real money. It is ideal for all types of merchants and can be purchased on the MQL market at a price of 199 USD. You can also rent 1 month for 150 USD, but it is obviously not profitable to rent it.

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Forex Service Review

Green Eye Fully Automated Trading Advisor Review

Green Eye EA is an automated system created in April 2010 by developer Aliaksandr Kryvanos. The system is a fully automated professional trading advisor that applies a medium-term trading system. Green Eye EA does not use martingale, grid, averaged, coverage, and is not a scalper. Each operation is protected by a fixed stop-loss. Three strategies […]

Green Eye EA is an automated system created in April 2010 by developer Aliaksandr Kryvanos. The system is a fully automated professional trading advisor that applies a medium-term trading system. Green Eye EA does not use martingale, grid, averaged, coverage, and is not a scalper. Each operation is protected by a fixed stop-loss. Three strategies […]

Green Eye EA is an automated system created in April 2010 by developer Aliaksandr Kryvanos. The system is a fully automated professional trading advisor that applies a medium-term trading system. Green Eye EA does not use martingale, grid, averaged, coverage, and is not a scalper. Each operation is protected by a fixed stop-loss.

Three strategies are applied in this expert adviser, each of which operates separately from the other. Each of the strategies has a unique magic number, which is generated based on a common with the sum of several numbers at the end.

A trend tracking trading system with floor work, this system can coexist with up to and including 3 commands in the same direction. High business activity, up to 80-90% of the time Expert Advisor is working in the market.

Recommendations for Green Eye EA:

  • Recommended currency pair, EURUSD.
  • Working time, time frame of H1.
  • The recommended leverage is: 1/500

The recommended batch of operations is 0.03 per 1000 USD (each strategy 0.03 lot, 3 strategies, ~0.1 lot for 1000 USD in total). This estimate is for average risk.

For a profit, each trade is provided with its take profit and there is also the possibility to use an end stop. Depending on volatility, there may be up to 40 x 3 offers per month on average. The time to hold positions varies from a few minutes to a few days.

The trading advisor is not sensitive to spread and does not require the rapid execution of trading orders. However, it is highly recommended to work with ECN brokers with minor differential and minimum stop levels to set Stop Loss and Take Profit. It only works with 5-digit quotes.

The robot is easy to use and can be used by both experienced traders and beginners. The Expert Advisor comes with optimized parameters and the user establishes the only lot negotiated according to their particular balance, magic number, time compensation, and other settings. The optimization is carried out by the author. 

Here you can find more specifications:

-The robot does not need to be user-optimized. Green EYE works with a genuine strategy correction system based on hash strings (command lines).

-On the part of the author, hash strings are generated for each strategy that slightly changes the behavior of the EA in the current and evolving market.

-Set files with hash strings are posted as needed on the author’s blog. During the operation of Green Eye EA, the user must download the instructions for the strategies that exist, adapting their work to the changing market.

-Expert Advisor does not depend on the trading mode (demo/real), both in demo account and in real trading is identical. However, in the case of different intermediaries, trade may differ slightly due to the difference in the quotations of various intermediaries.

-In a strategy tester, you cannot use an open price test model and checkpoints, as this will give a wrong result.

In short, we are talking about an EA of very recent creation, where we lack all information. The developer comments that the EA works according to 3 strategies, but does not reveal details of any of them. The most advisable would be to wait a while to see how the EA develops and see if there are other users who can share information about its results. There is currently no criticism of this tool, given its recent creation. A good option might be to download the trial version and do a few tests on our own and see how the EA works and performs.

This EA is for sale on the MQL market at a price of 375 USD. It is also possible to rent it at a price of 95 USD for 3 months, or 145 USD for 6 months.

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Forex Service Review

Tiger GBP/USD MT4 Trading Robot Review

Tiger GBPUSD MT4 EA is a robot created in April 2020 by Chinese developer Qin Yang, which has already created more EAs before. You have to use this EA exclusively with the GBPUSD currency pair, as this asset has proven to be the one with the best performance and score. Users will also need to […]

Tiger GBPUSD MT4 EA is a robot created in April 2020 by Chinese developer Qin Yang, which has already created more EAs before. You have to use this EA exclusively with the GBPUSD currency pair, as this asset has proven to be the one with the best performance and score. Users will also need to […]

Tiger GBPUSD MT4 EA is a robot created in April 2020 by Chinese developer Qin Yang, which has already created more EAs before. You have to use this EA exclusively with the GBPUSD currency pair, as this asset has proven to be the one with the best performance and score.

Users will also need to use this EA in a USD brokerage account. Since the volume of trade of this EA is quite high, it is recommended that this EA be used in a VPS, you can use the VPS provided by MQL5, and no VPS will be required to have the computer turned on 24/7.

Instructions for Setting Parameters

If the parameter Auto lot size is true, the EA will automatically adjust the lot (lot) according to the value of the parameter Auto lot size risk. If the parameter Auto lot size is false, the EA will use the fixed lot trade (lot) according to the value of the parameter Fixed lot size.

Set the Safety point parameter between 70 and 150, the Safety point parameter has been calculated in pip units. Please set the parameter Min stop loss above 100, the parameter Min stop-loss has been calculated in pip units.

Auto lot size: Automatically control the Lot function switch, open this EA will automatically control the Lot risk setting according to the Auto lot size risk value

Auto lot size risk: automatically controls the parameters when the Lot function is activated, and automatically sets Lot according to this EA parameter

Fixed lot size: fixed lot parameters, if the Auto lot size is closed, the EA will use fixed lot trading according to this parameter

Safety point: Pings distance (pips), the parameter Safety point has been calculated in units of pips when the profit reaches this parameter value, the EA will adjust the stop loss to the opening price, reducing the risk of loss

Min stop loss: the minimum stop loss distance (pips), the Min stop-loss parameter has been calculated in pip units, the distance between the stop loss and the opening price set automatically by EA will not be less than this value.

Buy order magic: buy order number

Sell order magic: order of sale number

Information window: Change to display the information window, EA will work faster after closing the information window.

Tiger GBPUSD MT4 EA Strategy

This EA calculates tick volatility frequency and speed according to the tick volatility algorithm and monitors tick volatility from the market in real-time. The EA will capture market imbalances, such as excessive capital inflows leading to explosive one-way volatility in the market. This EA is to use this explosive volatility to grab profits quickly. The transaction time of each order is not long but can reach a high rate of profit (90%).

In conclusion, we are talking about a scalper robot that works in the most volatile moments of the market, carrying out small transactions with the aim of getting small movements in the right direction. It is highly recommended to have an ECN account in a reliable broker with low latency so that the orders are executed in the shortest time possible.

We do not have any feedback from users who have tested this EA for their experience with it and the results obtained. All we have are some screenshots made by the creator of the EA where you see winning accounts supposedly using this EA.

Our advice is to download the free version of the EA to be able to test it, see how it works, and verify that you get good results before buying it. If you want to purchase this robot, it is available in the MQL market at a price of 629 USD, certainly a great investment that will not be within reach of all pockets. Additionally, you have the option to rent it, at a price of 329 USD for a period of 3 months.

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Forex Service Review

Stratos Forex EA Review

Stratos EA is a robot that was created in April 2020 by developer Raphael Schwiet. Stratos is a high quality automated expert consultant that is fully optimized for the future market. The EURUSD in time frames of H1 is the financial asset that has obtained the best results in the previous tests. The EA is specially designed to adapt to the latest market situations.

Stratos EA is a robot that was created in April 2020 by developer Raphael Schwiet. Stratos is a high quality automated expert consultant that is fully optimized for the future market. The EURUSD in time frames of H1 is the financial asset that has obtained the best results in the previous tests. The EA is specially designed to adapt to the latest market situations.

Stratos EA is a robot that was created in April 2020 by developer Raphael Schwiet. Stratos is a high quality automated expert consultant that is fully optimized for the future market. The EURUSD in time frames of H1 is the financial asset that has obtained the best results in the previous tests. The EA is specially designed to adapt to the latest market situations.

Stratos EA is working with its own complex algorithm and is combined with some indicators to obtain entry and exit opportunities. The entry and exit logic only works in Bar Close. This filters out market noise, dramatically accelerates optimizations, prevents hunting for loss of shutdown, and ensures the best performance in any broker that offers us a reasonable length.

Characteristics of the Stratos EA

The EA works with an advanced algorithm to find entry points as well as several additional filters to enter and exit the market. The EA was tested with historical data and exceptional results. You can download the demo version and test it yourself. My tests were performed with the actual tick date with 99.90% accuracy, actual propagation, additional slip, and high commission. The system does not use any toxic or dangerous strategy such as Martingale, Arbitrajes… etc.

-The tests in this EA have been performed for 5 years with 99% test quality.

-Backtest Method Faster with Model: Open Prices Only (Input and Output Logic Works in Closing Bar)

-There is no need for optimization.

-Optional TP /SL Basket function for daily earnings.

-When TP or SL Basket came to stop trading for the rest of the day and start a new session the next day.

-Best optimized for real market situations.

Other Considerations
  • Advisable to use a broker that works with quotations of 4-5 digits.
  • Propagation filter.
  • Equity Stop.
  • Protection of reduction.
  • Take profit Function.
  • Stop-loss function.
  • Stop trading the rest of the day when TP/SL Basket Reached.
  • Quick buttons to close open commands (Close all, Close profit, Close loss, Close buys, Close sells).
  • Info panel with EA information.
  • 5 Types of Money Management (Fixed Lot, Percentage, Geometric, Proportional, Balanced).
  • Negotiating times are adjustable.
  • Advanced algorithm to get in and out of the market.

DEADLINE: H1 (It is not recommended to use other deadlines for this robot, as they can only compromise the accuracy of operations.)

SYMBOLS: EURUSD (This robot has not been used in other pairs.)

Before using real money, test the advisor with minimal risk on the penny trading account or demo account. Use VPS or server with minimal network delays on the broker server. Low spreads + quality execution + low commission – this is the main thing when choosing a broker for trading. Account coverage is allowed.

Conclusion

We are talking about an EA of which we do not have much information because the creator omits many functionalities like concretizing the indicators he uses. We know that apparently, the EA in the tests has been very successful with the operation in the EURUSD in a temporality of H1. As it is a tool of very recent creation, there are currently no comments from users that tell us about their experience with this robot, so we consider it advisable to download the demo version and do our own tests to know how the EA works and the results that are appearing.

This EA is available on the MQL market, sold at a price of 499 USD. You can also rent, for 3 months at a price of 199 USD, for 6 months at a price of 299 USD, and for 1 year at a price of 399 USD.

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Forex Service Review

Trading Robotics Plutus EA Review

Plutus MT4 EA is a robot created in March 2020 by German developer Sokratis Bousios. Sokratis Bousios is a prolific creator of automated trading systems with several tools in the MQL market. Plutus MT4 EA is a fully automated trading robot, which includes elements from the fields of something and quant-trading. The something-trading part includes […]

Plutus MT4 EA is a robot created in March 2020 by German developer Sokratis Bousios. Sokratis Bousios is a prolific creator of automated trading systems with several tools in the MQL market. Plutus MT4 EA is a fully automated trading robot, which includes elements from the fields of something and quant-trading. The something-trading part includes […]

Plutus MT4 EA is a robot created in March 2020 by German developer Sokratis Bousios. Sokratis Bousios is a prolific creator of automated trading systems with several tools in the MQL market. Plutus MT4 EA is a fully automated trading robot, which includes elements from the fields of something and quant-trading.

The something-trading part includes multiple trading strategies designed by Trading Robotics. Most of them use combinations of the best-known indicators, such as Bollinger Bands, RSI, ATR, MA, EMA. Some others contain unique indicators developed.

In the quantum trading part, Plutus makes statistical analysis of the market and uses the power of mathematics to decide, whether it is time to make a trade or not.

How risky is Plutus?

Plutus MT4 EA contains multiple levels of security and is built with a wise software architecture. Concretely, the architecture is based on a multi-strategic trading system that opens multiple well-run operations during the day, keeping them open for a few minutes, hours or even days depending on the strategy activated.

An appropriate risk is calculated on the basis of the triggered strategy, current balance, and market conditions. It often adjusts the risk of the operation according to the placement points SL and TP.

Plutus can be used only for the “Coverage” account type.

Requirements to work with Plutus MT4 EA:

  • OS: PC de Windows
  • Platform: Metatrader4 or Metatrader5
  • Type of account: Coverage
  • The currency of account: USD, EUR, or GBP

Market: Forex, in the following valid tickers: EURUSD, NZDUSD, GBPUSD, USDJPY, AUDUSD, AUDJPY, CADJPY, CHFJPY, USDCAD, and USDCHF

Tips before using Plutus MT4 EA:

Try to keep Plutus running without re-initializing it very often (for example, stopping it on Fridays and starting again on Mondays), so that it can be accurate in the calculations and read the market correctly. If you find it difficult to have your computer turned on for an elevated period of time, a great solution is to have a VM in the robot, this is a dedicated virtual server that will allow the robot to run all trades even if your computer is turned off.

In order to get the full power of EA, you must run it, on all previous Forex symbols at the same time. The system has been designed to open multiple commands on different ticker symbols with an intelligent “coverage” approach.

In summary, we talk about an EA that uses algorithmic trading combined with basic indicators that we all know (Bollinger Bands, RSI, ATR, MA, EMA), as well as other indicators of own creation.

It is important to use an EA that you have an ECN account in a reliable broker that charges few commissions and has a tight spread, as well as having low latency to allow transactions to run in the shortest time possible.

Because this is a newly created tool, there are, at the moment, no comments or criticisms from users who have tried the tool and can share their experiences with it. Therefore we recommend downloading the free demo version, to test the EA, know how it works, and verify if it can be profitable and fits our trading style or not.

Plutus MT4 EA is for sale on the MQL market at a price of 30 USD and given its affordable price no rental version is available.

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Forex Service Review

BreakOut Grid Expert Advisor Review

Breakout Grid EA is a robot that was created in March 2020 by developer Catalin Zachiu. Zachiu is a very prolific creator of Eas as he has developed many trading tools, many of them available in the MQL market. This expert is a combination of a grid and a scalper. Breakout Grid EA uses a […]

Breakout Grid EA is a robot that was created in March 2020 by developer Catalin Zachiu. Zachiu is a very prolific creator of Eas as he has developed many trading tools, many of them available in the MQL market. This expert is a combination of a grid and a scalper. Breakout Grid EA uses a […]

Breakout Grid EA is a robot that was created in March 2020 by developer Catalin Zachiu. Zachiu is a very prolific creator of Eas as he has developed many trading tools, many of them available in the MQL market. This expert is a combination of a grid and a scalper. Breakout Grid EA uses a grid of ten pending commands, five for long and five for short, with a space of 500 points between them and a scalping target of 100 points.

The EA has three ways of working. First, the entry by level, the expert begins the operation when the price is at an important commercial level (an old resistance or support). Second, the time entry launches the expert at a specific time (user input). The third type is the continuous operation, in which the expert starts immediately and restarts after all orders are closed.

Only one of the three types of entry can be used at once as a symbol and magic number. The three types of input can be used in a symbol if different magic numbers are assigned. The expert also has a stop function after a round of trades, defined by the parameter “Continue”, can be used when it is known that important news is released combined with the input type.

Recovery function – uses batch size amplification in order to achieve benefits, but also increases the possibility of greater loss.

Partial profit – closes all orders when the entry value is reached at points, it is safer, but the potential benefits are also smaller.

The developer has optimized this EA to be used with only one currency pair, the GBP/USD. Also, the most favorable time frame to trade with Breakout Grid EA is H1.

In conclusion, we are talking about an EA that sets targets of 10 pips per trade (100 points) when it establishes pending orders with a distance between them of 50 pips. This is a well-known system and widely used by manual traders over time with mixed results.
We always recommend that in order to have a working EA you have to have a dedicated VPS or virtual server, and if it is not available then you have to leave the computer on 24/7. It is also important to have an ECN account in a reliable broker that offers us low latency so that orders are executed in the shortest time possible.

Note that this tool is free, so you don’t need to install any demo version, you can directly install the EA and use it. We recommend using it first in a demo account to see how it works and verify its results, before connecting the robot to a real-money account.
As it is a tool of very recent creation, there are currently no comments from users who have tried it and put their valuations at the service of the MQL community, So we advise caution with the use of this EA.

Categories
Forex Service Review

Fulgent AI for MT4 EA Review

Fulgent AI for MT4 EA is a robot created in March 2020 by the American Haskell Edward Ii Downs. Fulgent AI for MT4 EA engine is powered by a Genetic Algorithm specifically designed to find cost-effective Trade Rules in massive amounts of commercial data. By examining indicators, patterns, and events across multiple time frames as […]

Fulgent AI for MT4 EA is a robot created in March 2020 by the American Haskell Edward Ii Downs. Fulgent AI for MT4 EA engine is powered by a Genetic Algorithm specifically designed to find cost-effective Trade Rules in massive amounts of commercial data. By examining indicators, patterns, and events across multiple time frames as […]

Fulgent AI for MT4 EA is a robot created in March 2020 by the American Haskell Edward Ii Downs. Fulgent AI for MT4 EA engine is powered by a Genetic Algorithm specifically designed to find cost-effective Trade Rules in massive amounts of commercial data. By examining indicators, patterns, and events across multiple time frames as well as market relationships, the I.A. identifies cost-effective configurations of billions of possible combinations – a job that would not be possible for anyone to do. The Knowledge Base is constantly updated with the latest market data and events.

Haskell Edward Ii Downs has been applying Artificial Intelligence to the market with great success for the past 20 years. Using specific market measurements, safety graph measurements, analysis of various time frames, and cross-market correlation, Haskell Edward Ii Downs continuously finds the best possible “configurations” with unmatched accuracy and profitability. The EA is designed for specifically Autotrading.

EA Time Frame and Symbols:

This Expert Advisor is designed to be negotiated within 60 minutes at USDJPY and EURUSD. Separate genetic algorithm knowledge bases have been created for long and short operations. The average duration of trade is 5 hours. All orders, both incoming and outgoing, are market orders.

General Parameters:

  • Magic Number: Magic number for these EA strategy parameters
  • Parameters of the strategy
  • Batches: Number of batches to be traded at each signal

Parameters of Trading:

  • Use Max Spread: Enable Max Spread Filter
  • Max Spread Pips: Maximum propagation value in pips
  • Use Slippage: Enable the Max Slippage filter
  • Max Slippage: Max Slippage Value

Days of the week:

  • Entries on Sunday: Activate trade on Sundays
  • Entries on Monday: Activate trade on Monday
  • Entries on Tuesday: Trade on Tuesday
  • Entries on Wednesday: Activate trade on Wednesday
  • Entries on Thursday: Activate trading on Thursday
  • Entries on Friday: Activate trade on Friday
  • Entries on Saturday: Activate trade on Saturday

Time Settings:

  • Use Time Slot1: Enable the First Time Slot
  • Start Time Slot1: Start time for the first Time Slot
  • End Time Slot1: End Time for First Time Slot
  • Use Time Slot2: Enable the second Time Slot
  • Start Time Slot2: Start Time for Second Time Slot
  • End Time Slot2: End Time for Second Time Slot

In short, we are talking about a quite complete robot because it analyzes indicators, patterns, and events (news) for its functioning. For any EA it is important to have a VPS (dedicated virtual server) in order not to lose any transaction performed by the robot. It is also interesting to have an EN account in a reliable and low latency broker so that transactions are executed in the shortest time possible.

As a newly created tool, there are no comments from users who have tried it and can give us their opinions about its functionality and profitability. Therefore, what we recommend is to download the free demo version in order to see how the robot works and to verify if it is as profitable as the developer says. For those who want to use Fulgent AI for MT4 EA, inform that it is not for sale and is only available for rent, which costs 100 USD per month.

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Forex Service Review

Lion Trader Pro EA Review

Lion Trader Pro EA is a robot created in March 2020 by Italian developer Michela Russo. Michela Russo is a very prolific developer in the creation of automated tools for trading and has many of them in the MQL market. Lion Trader Pro is a trading EA for Forex trading. This is a Trend Following […]

Lion Trader Pro EA is a robot created in March 2020 by Italian developer Michela Russo. Michela Russo is a very prolific developer in the creation of automated tools for trading and has many of them in the MQL market. Lion Trader Pro is a trading EA for Forex trading. This is a Trend Following […]

Lion Trader Pro EA is a robot created in March 2020 by Italian developer Michela Russo. Michela Russo is a very prolific developer in the creation of automated tools for trading and has many of them in the MQL market. Lion Trader Pro is a trading EA for Forex trading. This is a Trend Following system that operates mainly during the Asian and New York sessions. The EA has been subjected to several stress tests over a period of 16 years and every year has operated with a very advantageous benefit/reduction ratio.

Lion Trader Pro: Key Information

*When purchasing this Expert Advisor, you are entitled to receive a free copy of Fox Trader Pro.

*All future updates are included in the purchase price.

*Lion Trader Pro works with GBPUSD M1.

*This EA is Fifo Compliant.

It analyzes the market without using outdated indicators and patterns, looking for the primary trend, enter the market based on existing volatility, and an artificial intelligence algorithm that predicts the possible future trend. The maximum precision backtests allowed show a high rate of payment and good resistance to unexpected market events. The asset that works best in this EA is the GBPUSD, is not recommended for use in other pairs.

Recommendations:

  • GBPUSD symbol
  • Timeframe M1
  • The 2003 Test
  • Configuration Default or set files
  • Brokers: Brokers with low differential and commission
  • Minimum Deposit 2000 USD
  • Method of market entry
  • Tester Method tick by tick
  • Compliance with Fifo

https://youtu.be/XcgmaV0qyxE

Lion Trader Pro Main Settings

  • Lot: lot quantity with auto lot disabled
  • Auto lot: Activate the auto lot or disable it
  • Risk: risk for the calculation of auto lots
  • Spread Allowed: spread limit, no trading will be open
  • Activate Buy: Activate Buy Trade
  • Allow the sale: Allow the sale trade
  • A trade for a bar: only one trade for each bar
  • Order Time: Time for Ea First Order
  • Max orders: Maximum number of orders
  • Sum for coeff: Increase in coeff position
  • Minimum distance: Minimum distance for secondary positions
  • A trade bar grid: if true, the robot can open one trade as network commands.
  • Timeframe Secondary Order: Timeframe for secondary transactions.
  • Take Profit: making profits on orders
  • Modify Take Profit for the first order: Use a different take benefit for the first order
  • First-order take profit: first-order take profit
  • Close only at end of the bar: close transactions only at end of M1 bar
  • Activate Money Max Loss: Activate Money Loss Limit
  • Each micro-batch: Multiply the amount of “max loss money” x 100 x lot
  • Stop Trade When It Hits: Stop Trade When It Hits Maximum Loss
  • Maximum monetary loss: Maximum monetary loss
  • Enable News Filter: Switch to false to disable the news filter or to true to activate it.

In short, we are talking about a tendency EA, of the many that exist in the market. We recommend using a dedicated virtual server (VPS) if you are working with any EA, that will allow you not to miss any transaction that the EA wants to execute. Download the free demo version before purchasing the EA, this will let you know how it works and get an idea of the profitability you can have with it. This EA is available on the MQL market at a price of 135 USD. You can also rent it at a price of 85 USD for 1 month, or 110 USD for use for one year.

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Forex Service Review

Relax EUR/USD M5 EA Review

Relax Eurusd M5 EA is a robot created in March 2020 by German developer Raphael Schwietering. Raphael Schwietering is a prolific creator of automated trading tools, and many of them are available on the MQL market. Relax is a high-class expert automated consultant who is fully optimized for the future market in the EURUSD and […]

Relax Eurusd M5 EA is a robot created in March 2020 by German developer Raphael Schwietering. Raphael Schwietering is a prolific creator of automated trading tools, and many of them are available on the MQL market. Relax is a high-class expert automated consultant who is fully optimized for the future market in the EURUSD and […]

Relax Eurusd M5 EA is a robot created in March 2020 by German developer Raphael Schwietering. Raphael Schwietering is a prolific creator of automated trading tools, and many of them are available on the MQL market. Relax is a high-class expert automated consultant who is fully optimized for the future market in the EURUSD and M5 time frames. It is specially designed for the latest market situations. It’s working with its own complex algorithm combined with some indicators to get entry and exit opportunities.

The entry and exit logic only work in Bar Close. This filters out market noise, dramatically accelerates optimizations, prevents hunting for loss of stop, and ensures proper operation in any runner with a reasonable length. The robot uses a last generation algorithm to detect entry points as well as several additional filters to enter and exit the market.

The expert was tested with high-quality historical data with exceptional results. The tests made by the developer were performed with the actual tick date with 99.90% accuracy, actual propagation, additional slip, and high commission. This tool does not use toxic or dangerous strategies, No grid, no martingale, no arbitrage, no tick pull, and no curve adjustment. 1 year 99% test quality with one lot size.

  • Backtest Method Faster with Model: Open Prices Only.
  • There is no need for optimization.
  • Optional TP /SL Basket function for daily earnings.
  • When TP or SL Basket came to stop and start the next day a new session.
  • Best optimized for real market situations.
Relax EUR/USD M5 EA Features
  • Works with 4-5 digit quoted brokers.
  • Propagation filter.
  • Equity Stop.
  • Protection of reduction.
  • Takeprofit Basket Function.
  • Stop-loss basket function.
  • Stop trading the Rest of the day TP/SL Basket Reached.
  • Quick buttons to close open commands.
  • Info panel with EA information.
  • 5 Types of Money Management.
  • Negotiating times are adjustable.
  • Advanced algorithm to get in and out of the market.

Deadline: M5 – It is not recommended to use other deadlines for this robot, as they can only compromise the accuracy of operations.

SYMBOLS: EURUSD – This robot has not been used in other currency pairs.

Recommendations:

-Before using real money, test the advisor with minimal risk on the penny trading account or demo account.

-Use VPS or server with minimal network delays on the broker server. If you do not have a server, you must keep your computer on 24/7.

–Low spreads + low commission + quality execution – this is the main thing when choosing a broker for trading, besides offering us a low latency so that the orders are executed as quickly as possible.

-Account coverage is allowed.

-Leverage recommended 1:100.

In conclusion, we are again faced with an EA of which the developer provides us with very little information, and besides, being a tool of very recent creation, we do not have user comments about its functioning and experiences with it.

We will always recommend downloading the free demo version to know how this EA works and verify that the results are as good as those shown by the creator in a screenshot. We are not available to see this EA work in an audited real account as would be desirable.
Relax Eurusd M5 EA is for sale on the MQL market at a price of 349 USD and is also available as a rental version at a price of 299 USD for use for 1 year.

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Forex Service Review

North East Way EA Review

North East Way EA is a robot created in March 2020 by Russian developer Pavel Udovichenko. North East Way EA is a fully automated rollback trading system, which is especially effective in dealing “rollback” for the currency pair: AUDCAD, AUDNZD, and NZDCAD. The system takes advantage of the main patterns of the Forex market in […]

North East Way EA is a robot created in March 2020 by Russian developer Pavel Udovichenko. North East Way EA is a fully automated rollback trading system, which is especially effective in dealing “rollback” for the currency pair: AUDCAD, AUDNZD, and NZDCAD. The system takes advantage of the main patterns of the Forex market in […]

North East Way EA is a robot created in March 2020 by Russian developer Pavel Udovichenko. North East Way EA is a fully automated rollback trading system, which is especially effective in dealing “rollback” for the currency pair: AUDCAD, AUDNZD, and NZDCAD. The system takes advantage of the main patterns of the Forex market in trade – the return of price after a strong move in either direction.

EA SETUP:

You can run all pairs from a single chart using One Chart Setup (only M15 chart is recommended). The recommended minimum balance for running all pairs is 1000 USD.
This EA is NOT sensitive to propagation, slip, or any other variable related to the broker.
Use recommended pairs only.

EA TESTING:

Each pair must be tested separately. Only open prices can be utilized for testing, as the tool only uses open prices internally. When testing, use M15 only. Long-term tests are recommended to show the stability of AS during various market conditions.

Some input parameters are:

-Recommended time frame: M15

-Recommended currencies: AUDNZD, NZDCAD, AUDCAD

-One chart setup – Launch the advisor at once in several currencies of a chart. Currency pairs must be listed with “,”.

-Just a symbol? – If true, and there are open positions in the account, the advisor does not open a new series of orders in another currency.

-For the use of the car lot – Base to be used by the consultant when calculating the lot: equity or balance.

-Or use the fixed balance – Or insert a fixed amount of balance into the currency of your deposit.

-Auto mm – if > 0, the EA uses automatic money management when calculating the lot.

-Auto mm =1000 – very aggressive. Auto mm >= 5000 – conservative.

-Fixed lot if Auto mm=0 – a fixed lot for the first delivery of a series.

-Recovery Mode – If it is true, then the advisor closes a series of orders only with benefits, but at the same time the logic of the work can be violated. If it is false, then the EA works according to its logic and a number of orders can be closed to loss.

-Martin Ratio – Martingale coefficient for a series of orders.

-The first real deal of this level – The higher the value, the less often the operations, but they are better.

Recommended input parameters (balanced risk):

  • Currencies: AUDNZD, NZDCAD, and AUDCAD.
  • Just a symbol? = false.
  • For the use of Auto lot: equity.
  • Car mm = 2000.
  • Recovery mode = true mode.
  • First real deal = 3.
  • Minimum balance 1000 USD.
  • Run the EA on the same table with the M15 time frame

Recommended input parameters (aggressive high-risk trading):

  • Currencies: AUDNZD, NZDCAD, and AUDCAD.
  • Just a symbol? = true.
  • For the use of Auto lot: equity.
  • Automm = 1000.
  • Recovery mode = true mode.
  • First real deal = 3
  • Minimum balance of $1000 USD.
  • Run the EA on the same table with the M15 time frame

In short, we are talking about an EA that takes advantage of the market pullbacks after a strong price movement. The idea is good. What we regret is that the developer does not provide a link to a real account where the robot is working. On the contrary, we offer several test screenshots where it seems that the EA can generate an excellent gain.

As with all EAs, we recommend having a dedicated virtual server or VPS to ensure that all transactions are executed correctly. It is also important to have an ECN account of a reliable and low latency broker so that our orders are executed in the shortest time possible since the robot launches them.

North East Way EA is for sale on the MQL market at a price of 99 USD and is not available for rent. It is advisable to download the demo version available so that you can test the EA, see how it works, and verify that you can get the desired results.

Categories
Forex Service Review

Guard FX Expert Advisor Review

Guard Fx EA is a robot created in March 2020 by Indonesian developer Herni Widiastuti. Herni Widiastuti is a regular online trading tool creator who has already successfully developed several EAs. The concept of GUARDFX EA is that each order will be guarded by other orders until the order is secure for release. The EA […]

Guard Fx EA is a robot created in March 2020 by Indonesian developer Herni Widiastuti. Herni Widiastuti is a regular online trading tool creator who has already successfully developed several EAs. The concept of GUARDFX EA is that each order will be guarded by other orders until the order is secure for release. The EA […]

Guard Fx EA is a robot created in March 2020 by Indonesian developer Herni Widiastuti. Herni Widiastuti is a regular online trading tool creator who has already successfully developed several EAs. The concept of GUARDFX EA is that each order will be guarded by other orders until the order is secure for release. The EA uses powerful strategies and approaches robust algorithms to capture the right price movements for an entry market.

The creator of Guardfx EA will continue with future updates to try to be the best expert advisor and meet the trading objectives of its users. The negotiation objectives of this Expert Advisor is a stable benefit with uses without grid, without martingale, without arbitration and the best part is fully automatic. The EA allows you to trade a fixed lot as well as includes the money management unit for automatic batch calculation based on default risk per transaction.

Recommendations:

Use Guardfx EA in a good broker with low propagation, low stop level, and low slide. Also, low latency to ensure that orders are executed in the shortest time possible. Please use this EA in currency pairs with low spread and low stop level. Operations will be protected by loss of stop. Tight trailing is implemented. It can work with several instruments simultaneously.

Recommended pairs: EURUSD, GBPUSD, USDCAD, and USDJPY (if possible with spreads below 1 pip).

Requirements:

  • Please use this EA in the time-frame M5.
  • Use in Low Spread pairs.
  • Margin of recommendation is less than 1 pips.
  • The recommended leverage account is 1:500.

VPS hosting 24/7 is highly recommended, and in case you do not have a dedicated virtual server you will have to leave your computer on 24/7 so that all commands executed by the robot are answered.

Main Parameters of Guard Fx EA:

  • Magic number = 999 – Used to identify an order.
  • Order cmt = concorde turbo – Comments on each operation.
  • Stop loss = 10 – Stop loss size in pips. 10 is 10 pips.
  • Trailing stop = 2 – The size of the trailer stop in pips.
  • Trailing start = 3 – Start to run trailing in pips.
  • Buffer = 3 – Distance in pips for pending orders.
  • Max spread=2 – Maximum diffusion accepted for pips trading.
  • Volume threshold = 5 – Setting for Entry Trigger. The value must be greater than 0.
  • Speed factor = 2 – Setting for Entry Trigger. Value between 1 – 10.
  • Risk = 2.0 – Risk value for operations.
  • Manual lot size = 0.01 – Value of lot used if Money management is false.

In conclusion, the reality is that the developer hardly explains what the operation of this EA consists of. We don’t like that lack of information. The creator barely shows us a screenshot of the results of a test where the system seems profitable but we note that the quality of the model used for such tests is 89% when it should be 99.9% quality of the ticks.

The only thing we can recommend is to download the demo version before purchasing this EA, as its price is quite high, in this way we will see its performance and its ability to generate profits. For an EA of these characteristics, the least we can demand from the developer is a real account audited with the robot running with real money.

If you want to have this tool, it is a vein in the MQL market at a price of 1000 USD. It is also available for rent at a price of 200 USD for 1 month of use and 300 USD for 3 months of use.

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Forex Service Review

Hedging Champ EA Review

Hedging Champ EA is a robot created in March 2020 by developer Sugianto. Sugianto is a developer of trading tools specialized in the subject of hedges. The foreign exchange market is very volatile, and sometimes prices go up and down thousands of pips in seconds. For this, the expert advisor of HEDGING CHAMP manages the […]

Hedging Champ EA is a robot created in March 2020 by developer Sugianto. Sugianto is a developer of trading tools specialized in the subject of hedges. The foreign exchange market is very volatile, and sometimes prices go up and down thousands of pips in seconds. For this, the expert advisor of HEDGING CHAMP manages the […]

Hedging Champ EA is a robot created in March 2020 by developer Sugianto. Sugianto is a developer of trading tools specialized in the subject of hedges. The foreign exchange market is very volatile, and sometimes prices go up and down thousands of pips in seconds. For this, the expert advisor of HEDGING CHAMP manages the movement of pairs that go up and down thousands of pips in seconds.

In the foreign exchange market, we don’t know what will happen in the future. We can predict, but the predictions don’t always match what we expect. Therefore, it is very important always to protect our trade if prices move against the direction.

How Hedging Champ’s expert advisor works:

If it looks like the price is going to rise, you can choose the open position mode: Starting with Buy, the expert advisor will immediately take a buying position. If the price appears and has not reached the target profit, the expert advisor will take another buying position until the target profit is reached.

And on the contrary, since the price analysis has touched the resistance and will move down, please select the open position mode: Start with sell. If the price turns against the management, the expert advisor will take the opposite position.

But if you don’t know if prices will rise or fall and you have no idea where prices will move, you can choose the open position mode Xbars and fill in the number of bars to be calculated to know the highs and lows to determine points of purchase and sale. If the price breaks the breaking point upwards, a buying position will open, and vice versa if it touches the breaking point downwards, a short position will open.

Traders can also use the open position mode Start with trendline and Close With Trendline. Merchants can draw a trend line buying, selling, stopping losses, and take profit according to the analysis that has been done. And also added Buy, Sell, Close Everything, Close Profit, Close Buy, and Close Sell Buttons. So merchants can place orders at the press of a button.

Trendline and Button also work in the backtester, so traders can practice trading skills and open position methods. The weakness of the expert consultant’s break is whether the market is in a lateral condition, and this is why a partial closure button is provided.

After analyzing the market situation and there is no news or events that will cause prices to move sharply, traders can activate the partial shutdown mode by pressing the partial shutdown button.

The expert advisor shall immediately calculate and open the required position and close the longest position until all operations reach a profit. When clean, press the partial close button again to return to the starting position.

The default setting can be used on almost all pairs when there is an extreme movement up and down. The suggested starting balance is 1000 USD for a pair with lots 0.01 max trade and timeframe H1, but if you want to trade XAUUSD the minimum balance is 2000 USD because the pair XAUUSD requires a greater margin to take 1 position with lots 0.01.

Suggested currency pairs to start with are: EURUSD and USDJPY

In short, we’re talking about a robot that seems to be well-designed to work optimally in markets with high volatility and sharp price movements. We always recommend that when using an EA you have available a dedicated virtual server or VPS, to ensure that we do not miss any trade done by the advisor. It is also important that we have an ECN account in a reliable broker with low latency so that the orders are executed in the shortest time possible.

This tool has been on the market for a very short time, so we do not have comments from users who have tried it and can give us their opinions. We always recommend that our readers download the free trial demo version to familiarize themselves with the operation of the tool and verify what performance can be expected from it.

Hedging Champ EA is for sale on the MQL market at a price of 299 USD. You can also rent, at a price of 50 USD for 1 month, 75 USD for 3 months, 100 USD for 6 months, and 175 USD for 1 year.

Categories
Forex Service Review

Lev Forex EA Review

Lev Ea is an automated system created in March 2020 by the Belarusian developer Ruslan Brezovskiy. Ruslan Brezovskiy is a prolific creator of trading tools, many of which you can find in the MQL market. Lev is an expert consultant who trades in fully automated trends, which can be used for both scalping and long-term […]

Lev Ea is an automated system created in March 2020 by the Belarusian developer Ruslan Brezovskiy. Ruslan Brezovskiy is a prolific creator of trading tools, many of which you can find in the MQL market. Lev is an expert consultant who trades in fully automated trends, which can be used for both scalping and long-term […]

Lev Ea is an automated system created in March 2020 by the Belarusian developer Ruslan Brezovskiy. Ruslan Brezovskiy is a prolific creator of trading tools, many of which you can find in the MQL market.

Lev is an expert consultant who trades in fully automated trends, which can be used for both scalping and long-term trading. The essence of the strategy is to open operations in the direction of the main trend in pullbacks. The basis for entering the trade are the Bollinger bands and several moving averages that determine the direction of the trend. The exit from trade occurs by Stop Loss/ Take Profit or when EA received a signal about the end of the trend. It can work in several currency pairs and time frames. Optimal settings have already been selected and come default in EA.

Features and benefits of Lev EA:

-Fully automated and requires no additional attention.

-It does not use dangerous or high-risk strategies such as the network and the martingale.

-Dissemination does not affect the consultant’s work.

-Suitable for working with any broker who provides an ECN account and has low latency to ensure that transactions are made in the shortest time possible.

-The recommended minimum deposit is only $100 USD.

-There is a function to automatically calculate the volume based on the size of the tank.

-A simple mechanism to manage risk by changing parameters to calculate the volume and multiplier of the network.

-There is a delay stop-loss function when the price moves in the direction of trade.

To maximize the potential of the advisor, you can configure it in several trading tools at the same time. For stable operation, the use of a VPS or dedicated virtual server is recommended. If this resource is not available you will need to keep your computer on 24/7 to make sure we don’t lose any trade made by EA. The default setting is for EURUSD M5 (5 digits), which is the one that has shown the best results in the tests.

Some Lev EA input parameters are:

Moving average n1 – The number of bars to calculate the fast-moving average – used to open trade.

Moving average n2 – The number of bars to calculate the slow-moving average – used to open trade.

Moving average n3 – The number of bars to calculate the fast-moving average – used to exit the trade.

Moving average 4 – The number of bars to calculate the average slow movement – used to exit the trade.

Bollinger Bands Period – The number of bars to calculate the Bollinger band indicator.

Bollinger Band Deviation – Deviation Rate, used to calculate channel boundaries.

Timeframe – Timeframe used to determine the main trend.

In short, we are talking about a robot that trades in favour of trends, based on moving stockings and Bollinger Bands. There are many EAs that rely on these same indicators so there is strong competition between them.

The developer provides several screenshots showing the profitability that is able to generate this EA. But it will be more advisable for us to download the free trial demo and see for ourselves how the robot works and the benefits it can generate.

Lev EA is for sale on the MQL market at a price of 99 USD, although there is also the possibility of renting it for 33 USD for 1 month of use.

Categories
Forex Service Review

Exp TickSniper Expert Advisor Review

Exp TickSniper EA is a robot that has been on the market for 7 years and has been updated periodically. Its creator is Vladislav Andruschenko, this developer has already created several successful advisors. Exp TickSniper is a fast tick climber that automatically selects the parameters for each currency pair separately. The EA has developed from […]

Exp TickSniper EA is a robot that has been on the market for 7 years and has been updated periodically. Its creator is Vladislav Andruschenko, this developer has already created several successful advisors. Exp TickSniper is a fast tick climber that automatically selects the parameters for each currency pair separately. The EA has developed from […]

Exp TickSniper EA is a robot that has been on the market for 7 years and has been updated periodically. Its creator is Vladislav Andruschenko, this developer has already created several successful advisors.

Exp TickSniper is a fast tick climber that automatically selects the parameters for each currency pair separately. The EA has developed from the experience gained in almost 10 years of programming and carries out short-term operations using an intelligent stop based on current currency pair data, their quotes, specification, and spread.

The averaging strategy is used to avoid losses caused by the signal detection algorithm. If an open position suffers a specific loss, then the averaged position function is activated. In extreme cases, the positions opened by Ticksniper are accompanied by a loss of stop. If the trading system cannot make a minimal profit, then the positions are closed by a loss stop one by one.

The system automatically defines the favorable stop loss and takes the gain levels as well as the distances of averaging positions, drag stop distance, etc. The EA obtains data on these parameters from a currency pair specification, current prices, and other factors that are part of our strategy. To start operating with our consultant, you need to install it on your account, then the robot will do its job.

Recommended commercial account:

Recommended AT-RISK deposit of 1,000 USD with a minimum batch of 0.01, 3 currency pairs (for example EURUSD, USDCHF, and USDJPY);

Recommended deposit AVERAGE RISK 300 USD with minimum lot 0.01 in a currency pair (e.g., EURUSD);

Recommended HIGH-RISK deposit of 100 USD with minimum lot 0.01 in 1 currency pair (e.g., EURUSD);

Broker requirements will be, ECN PRO, floating margin, and leverage 1:300 and above.

Important!

-It works on the currency pair, with the chart attached.

-The deadline doesn’t matter.

-A floating extension is recommended. A zero extension is prohibited.

-Each open position is accompanied by a loss of stop, averaging function, and an additional opening.

-The cumulative position (a series of open positions) has its final stop.

-If the position or series of positions benefits, the EA establishes a break-even point. If the price recedes, such a position is closed by the equilibrium point.

-The EA calculates the differential based on the average of the last ticks.

It seems that we are looking at a very recommendable EA, has been in the market for years and has been updated continuously, the last update was in January 2020. The creator of the robot is a very active developer in the forums of MQL, where it commercializes its EA, and always responds to all queries of its users. These users have been awarding positive appraisals of this automated system for years.

This Robot is available on the MQL market at a price of 199 USD, although you can also rent it for 35 USD per month, and try the free demo version.

Categories
Forex Service Review

New Stable Profit EA Review

New Stable Profit is a robot that works in real accounts since August 2017. 100% of the trades in this system are based on algorithmic trading. The negotiation is based on trend correction movements, positions are opened depending on the strength of the trend and the volumes of negotiation according to a formula that the […]

New Stable Profit is a robot that works in real accounts since August 2017. 100% of the trades in this system are based on algorithmic trading. The negotiation is based on trend correction movements, positions are opened depending on the strength of the trend and the volumes of negotiation according to a formula that the […]

New Stable Profit is a robot that works in real accounts since August 2017. 100% of the trades in this system are based on algorithmic trading. The negotiation is based on trend correction movements, positions are opened depending on the strength of the trend and the volumes of negotiation according to a formula that the developer has not revealed.

Overview

The sets of positions have a common benefit, which is based on the corrective movement statistics of this trading instrument. The developer comments that when important economic news is published, it is recommended to disconnect the advisor, provided that there are no open transactions so that the performance is higher. Commercial recommendations set forth that for every $500 deposit, the user opens a 0.01 lot position.

This version of the New Stable Profit robot is adapted for EURUSD trading and is traded within a time frame of 1H. It is in this time frame that the EA gets its best results. Two things we like about this robot are, it doesn’t use Martingale, and it doesn’t use coverings in its operation either. Leverage of 1:100 is recommended for optimal operation. This robot is one of the best we have analyzed, as we have mentioned, it works continuously since August 2017. It has real statistics that can be consulted in MQL5, and the returns are staggering.

The yield of this EA is of 607% since its beginning, having obtained the following annual returns:

  • 2017 (August. December): 78.32%.
  • 2018: 128.39%
  • 2019: 55.82%
  • 2020: (January – March): 11.69%

It is fantastic that since its inception, every year it has achieved positive returns, but the most fantastic thing is that no month has ended with negative returns. (The month that has won the least has been November 2019 with 1.38%).

Service Cost

Obviously, it is an excellent robot, and as such its price is not cheap. In the MQL marketplace, you find it for $1,250 USD, although we have found third-party pages that offer it for just under $1,000 USD.

Conclusion

There are several user reviews of this robot and all are positive, so we are looking at a highly recommended robot whenever you are willing to make the initial investment of its cost. It also has a free trial version to test it before possible purchase.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/40388

Categories
Forex Service Review

Renaissance Android EA Review

Renaissance Android EA is a robot created in March 2020 by German developer Jaye Ricci Ademola Puncha. The author says that this sophisticated EA is based on his years of experience with statistical, technical, and quantitative analysis and is awarded with modular tools and options that will be well appreciated by any real professional trader. It specializes in EURUSD 4H, but in principle works on most high volume FX pairs.

Renaissance Android EA is a robot created in March 2020 by German developer Jaye Ricci Ademola Puncha. The author says that this sophisticated EA is based on his years of experience with statistical, technical, and quantitative analysis and is awarded with modular tools and options that will be well appreciated by any real professional trader. It specializes in EURUSD 4H, but in principle works on most high volume FX pairs.

Renaissance Android EA is a robot created in March 2020 by German developer Jaye Ricci Ademola Puncha. The author says that this sophisticated EA is based on his years of experience with statistical, technical, and quantitative analysis and is awarded with modular tools and options that will be well appreciated by any real professional trader. It specializes in EURUSD 4H, but in principle works on most high volume FX pairs.

Overview

This intelligent algorithm monitors the movement of prices, timing, open and close sail ratios, as well as other indicators that will be hidden within the secure confines of a database. Compare this information with historical data in order to determine the probabilities of future events. Based on these probabilities, it dynamically modifies the trend direction and trade volume always within the modular parameters.

What makes this EA better than others is the fusion of total automation and the simultaneous possibility of absolute human control. So, it looks more like an android, hence the name. With financial markets constantly changing, the interface provides the opportunity to derive benefits from anomalies by modifying selected parameters continuously. This is possible because the principles applied have been universal for decades, yes decades. The results of the tests coincide with the live results and this strategy has been very good for the author over many years.

Key advantages of Renaissance Android EA:

  • No martingale or grid.
  • Stop loss will always be used for capital protection.
  • Protection of intelligent reduction.
  • It’s easy to use.
  • It is highly adaptable due to variable settings.
  • Integrated mechanisms inspired by real trade.
  • Very good risk/reward ratio.
  • It works on most brokers.

Renaissance Android EA Requirements:

-Brokers with commissions and spreads as low as possible, as well as a good server ping, low latency so that orders are executed as fast as possible.

-Brokers with a GMT+2/ GMT+3 server time (saving days). This prevents inaccuracies and trading errors.

-For EA I always recommend VPS hosting services. This allows for 24/7 trading.

-Diversification of instruments, markets, and strategies.

Adjust risk accordingly when trading during:

– Major events (FOM, NFP, etc.)
– Extraordinary crises (COVID-19, natural disasters, wars, etc.)
– Weekend

The author will only sell 5 licenses. Once sold, this EA will disappear forever. This helps to stop the alpha decomposition of this strategy. Obviously, this EA license comes with email support, free periodic updates, and other materials, such as a brochure and configuration files for additional FX pairs and time frames on request.

Conclusion

We are talking about a very professional EA and within the reach of very few. It is a tool designed for professional traders or capital managers. The few comments there are from users who have tried the demo version are very good, but the price of the robot makes it only accessible to very few. The sale price of this EA on the MQL market is 30,000 euros, and it is not available for rent, only the demo version and the contact of the author is available for any doubts or questions you want to ask before purchasing it.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47307

Categories
Forex Service Review

Supertrend EA (Trend Trading EA) Review

Supertrend EA, a fully MT4 compatible robot, is an expert consultant developed for automated trading. Expert advisers are also called trade robots because they are responsible for managing operations on a fully automatic basis. If you’re using the trading robot, no human supervision will be required. However, the Expert Advisor you are going to use […]

Supertrend EA, a fully MT4 compatible robot, is an expert consultant developed for automated trading. Expert advisers are also called trade robots because they are responsible for managing operations on a fully automatic basis. If you’re using the trading robot, no human supervision will be required. However, the Expert Advisor you are going to use […]

Supertrend EA, a fully MT4 compatible robot, is an expert consultant developed for automated trading. Expert advisers are also called trade robots because they are responsible for managing operations on a fully automatic basis. If you’re using the trading robot, no human supervision will be required. However, the Expert Advisor you are going to use must be well tested in the market, in real-time, and the indicators must be optimized.

Overview

Supertrend EA is a trend robot that executes a trade when the trend changes, when a break occurs, when a correction occurs, and when pullback occurs.
The expert consultant alone won’t show anything on your chart. If you want the visual shape of your robot, you must attach an indicator that facilitates the company in a download file.

The parameters in which this expert advisor executes trades operations are basically two and are as follows:

-Change in the trend: If positions are opened, they will all be closed when the market trend changes.

-Stop Loss: This expert consultant uses the Supertrend indicator as a stop loss level.

Before you start trading in the live account with this expert advisor, it is advisable to use a demo account first. At first, it is advisable to learn to operate manually. When you feel confident about your trading strategy then only you should code that trading strategy in order to turn it into a robot. Generally, not all traders have the advantage of knowing how to code a system, and for that, there are robots like Supertrend EA. This expert advisor can be used in any period to trade any currency pair. It is not advisable to use this robot to trade other assets such as commodities, indices, or precious metals, as the EA is designed to be used in Forex.

The following features are included in the Basic version:

  • Reverse strategy
  • Max Open Operations
  • Directorate of Commerce
  • Order Comment
  • Filter of propagation
  • Administration of Money
  • Closing in the trend change
  • The pending order expires
  • Supertrend used as Stop loss

The following functions will only be available in the Pro version:

  • Trailing Stop
  • Break-Even
  • Candle Trail
  • ATR Trail
  • Time/day filter
  • Conclusion

Service Cost

This is one of the many tendential robots that exist. It can come to work well, and best of all, it has a basic free version. The Pro version that has the functions mentioned above has a price of 39.90 Swiss francs, which we consider a reasonable price.

Conclusion

We’ve checked third-party websites and found no negative reviews about this robot. So if you want to start in automated trading systems with a simple robot, this can be an excellent option.

This Forex service can be found at the following web address: https://quivofx.com/expert-advisor/supertrend-ea

Categories
Forex Service Review

Stable EX EUR/USD Expert Advisor Review

Stable Ex EA is a Forex trading robot that was created in March 2020 by German developer Vitalii Zakharuk. Vitalii Zakharuk is a prolific creator of automated trading tools and has many of them available on the MQL market. Overview Once the Stable Ex expert system is introduced, it works with the EURUSD currency pair […]

Stable Ex EA is a Forex trading robot that was created in March 2020 by German developer Vitalii Zakharuk. Vitalii Zakharuk is a prolific creator of automated trading tools and has many of them available on the MQL market. Overview Once the Stable Ex expert system is introduced, it works with the EURUSD currency pair […]

Stable Ex EA is a Forex trading robot that was created in March 2020 by German developer Vitalii Zakharuk. Vitalii Zakharuk is a prolific creator of automated trading tools and has many of them available on the MQL market.

Overview

Once the Stable Ex expert system is introduced, it works with the EURUSD currency pair and only with it. This system implemented the principle of five commands – that is, a maximum of five commands can be placed in one direction, after which the total position of the series must be closed by stops, either real or virtual. The trading system is designed to work separately with a series of purchase orders and separately with a series of sales orders, which makes the trading system sufficiently versatile. The expert passes all types of tests throughout history for the specified currency pair. In addition, the expert system is tested with several delay values and operates in a fully automatic mode. No adjustments are needed, use only the default settings.

The equilibrium point concept is used for a series of orders (total position), two independent systems to buy and sell. Including a built-in scalper technique with quick sails, it works like a scalper with sharp price movements. The integrated module for processing self-tuning indicators is trained specifically for EURUSD.

To test the trading system, first set all tester parameters as shown below. The test model can be either opening prices, and checkpoints or all ticks, or using real ticks. The trial period in the EURUSD pair and the H1 time frame is not limited, and you can test in the entire history of this pair.

Primary Benefits of Stable EX:

-Maximum 5 orders in one direction.

-Optimal indicators are selected.

-Adaptive risk management system and deposit protection system.

-The stops and also the final stops I work for a common position and not for a separate order, regardless of buying and selling.

Tips for Usage:

-Advisor Settings: Use the default settings.

-Symbol: EUR/USD.

-Term: H1.

-Brokers: Any brokers, spread and commission of up to 20 pips, leverage 1: 100, to be of low latency so that the transactions are executed as quickly as possible.

-Minimum deposit: 1000 USD nominal, the closer the nominal deposit the more the withdrawal will be declared.

The main parameters of the expert system:

  • Volume – the size of the initial batch, if we work safely.
  • At-risk – used to allow automatic batch determination depending on the tank.
  • Risk Percentage – the percentage of risk, relative to which the initial deposit.
  • MM risk – money management options.
  • Stop Loss – point loss (in points).
  • Take Profit – Take Profit (in points).
  • Grid passage – minimum grid passage (in points).
  • Additional parameters of the expert system:
  • Type of filling – the type of execution of the order by balance.
  • Lot decimal – batch accuracy (rounding to how many digits).
  • Parameters of the expert system constraints:
  • Min Stops Level – mandatory minimum distance level for stops (points).
  • Max Spread – the maximum extension to which a command can be opened.
  • Commission – The committee is listed in points (points).

Service Cost

Stable Ex EA is for sale on the MQL market at a price of 99 USD, and there is no option for rental versions.

Conclusion

In short, we find a robot of which the author speaks very well of him, but gives no information about the basis of his operation. So we recommend downloading the free demo version to try to figure out how it works and whether it is cost-effective or not. It is highly recommended to use a dedicated virtual server to avoid losing transactions that the robot does, otherwise, we should have the computer turned on 24/7. Because this tool has been on the market for a concise time, there are no opinions or criticisms from users who have been able to test the product and share their experience in the MQL community.

This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/47022

Categories
Forex Service Review

Stochastic Oscillator EA Review

The Stochastic Oscillator Indicator was created in the late 1950s by Dr. George Lane. The term stochastic means the point at which a current price is related to its price range over a period of time. The stochastic oscillator shows two lines (Main and Signal Line) and its support and resistance level. This indicator is […]

The Stochastic Oscillator Indicator was created in the late 1950s by Dr. George Lane. The term stochastic means the point at which a current price is related to its price range over a period of time. The stochastic oscillator shows two lines (Main and Signal Line) and its support and resistance level. This indicator is […]

The Stochastic Oscillator Indicator was created in the late 1950s by Dr. George Lane. The term stochastic means the point at which a current price is related to its price range over a period of time. The stochastic oscillator shows two lines (Main and Signal Line) and its support and resistance level. This indicator is included in Metatrader 4 and 5, and the default settings are K% 5, D% 3 Slow 3.

The stochastic indicator is a great tool to identify overbought and oversold conditions over a specific period. The stochastic oscillator is the preferred indicator for many traders when the price is trading in a range because the price itself is oscillating, leading to more reliable signals from the stochastic indicator.

Overview

The stochastic oscillator is a handy indicator when it comes to evaluating the moment or the trend force. The stochastic oscillator, and oscillators in general, are presented in an easy-to-understand manner with transparent buying and selling signals. However, it is likely that excess in these signals, without a deeper understanding of stochastic oscillators, will end in many doubts and frustration for the trader.

To avoid such frustration, new traders will need to have a solid understanding of the underlying mechanics of the stochastic oscillator seen concerning current market conditions.

A stochastic oscillator EA is a timing system that automatically calculates whether the price of a security is over-bought or over-priced over a specified period of time. The EA weighs the most recent price level substantially as a percentage of the (higher, lower) range over a defined period.

The stochastic oscillator EA has two moving lines that oscillate between two horizontal lines. The black line called %K and determined by a specific formula, at the same time as another red dotted line is also a three-period moving average of the %K line..It is concluded that the price is overbought when the two moving lines break above the upper horizontal line and are exceeded when broken below the lower horizontal line.

The oversold line represents price levels that fit the top 80% of the recent price range, over a defined period. Also, the oversold line represents price levels that fall within the bottom 20% of the current price range.

Also, the stochastic EA indicator provides excellent insight when programming inputs. When both lines are above the oversupply line ‘D’ (80), and the %K line crosses below the dotted line %D, a possible short input signal is considered and vice versa when the %K line crosses above the %D line (20).

Traders should not trade blindly based solely on over-purchase/oversold conditions. Traders should understand well the operation of this indicated then to know how the dynamics of the EA is.

FORMULA FOR THE STOCHASTIC OSCILLATOR 

The following calculation is presented for a stochastic indicator of 14 periods, but ultimately can be adapted to any desired time frame.

Calculation of %K:

%K = [(C = L14) / H14 -L14)] x 100

Where:

C = last closing price

L14 = Low minimum during period

H14 = Highest during the period

Calculation of %D:

%D = simple moving average of %K (the simple moving average of 3 periods is the most common)

Conclusion

Traders should understand where the stochastic oscillator stands out and where its defects lie to get the most out of the advisor. This is an ideal EA to combine with another trend EA. Like all Eas sold by Quivofx, these have reasonable prices in addition to a free basic version. The Advanced and Pro versions are priced at 29.90 and 39.90 Swiss francs, respectively.

PROS:

Clear input/output signals

Signals appear frequently (depending on time settings selected)

If trading against the trend, prices may remain over-bought/oversold for long periods

Available in most graphics packages

Conceptually easy to understand

CONS:

May cause false signals when used incorrectly

If trading against the trend, prices may remain over-bought/oversold for long periods

This Forex service can be found at the following web address: https://quivofx.com/expert-advisor/stochastic-oscillator-ea

Categories
Forex Service Review

Scalping Max EA Review

Scalper Max is an Expert Advisor for the MetaTrader 4 platform designed to conduct scalping trading on major currency pairs. As per the developer’s words, it is not limited to one scalping method but more of them. It is fully automated and incorporates AI that has been updated. The latest version is 2.0 from 17th […]

Scalper Max is an Expert Advisor for the MetaTrader 4 platform designed to conduct scalping trading on major currency pairs. As per the developer’s words, it is not limited to one scalping method but more of them. It is fully automated and incorporates AI that has been updated. The latest version is 2.0 from 17th […]

Scalper Max is an Expert Advisor for the MetaTrader 4 platform designed to conduct scalping trading on major currency pairs. As per the developer’s words, it is not limited to one scalping method but more of them. It is fully automated and incorporates AI that has been updated. The latest version is 2.0 from 17th September 2019. The initial version is just 3 days older meaning the EA has not received updates except one. The developer of Scalper Max EA is Xuan Nguyen Thanh from Vietnam.

Overview

Scalper Max does not have a great introduction story, the MQL5 page describing this EA does not have a lot of content, especially not for the price. The intro states an AI that can learn and adapt to market conditions consisting of many algorithms. It can be used on many broker accounts with the commission or no commission and higher spreads. As usual, since scalper EAs require very good execution times and no slippage, the setup has to be with brokers able to deliver great conditions. Scalper Max does not use discouraged methods such as Martingale, Arbitrage, or Grid. Trades have to Take Profit and Stop Loss levels set and optimized by the EA.

It is not disclosed how the EA works and what the AI is exactly doing when calculating these levels. It is recommended to use the EA on GBP/USD, GBP/JPY, GBP/AUD, EUR/JPY, EUR/USD, USDJPY, USD/CHF, EUR/CHF, EUR/AUD, and NZD/USD on M1, M5 and M15 timeframes. There are two default optimized settings the developer has published in the comments section. They are optimized for commission or no-commission accounts. Brokers tested are Tickmill, ICMarkets, and NordFx.

Settings for Scalper Max are simple and in our opinion does not feature a lot. What you can change is set the Autolot management – risk-based trade size allocation set the minimum allowed spreads or slippage, maximum lot size per trade, and some cosmetic and appearance customization. Relative to the price of this EA, these features are not attractive. You cannot have a glimpse of what indicators are used, what logic, or what scalping method based on these settings.

The performance charts of Scalper Max are impressive, although we are used to seeing extreme results. Now the author did not use a real account for chart presentations, but on the Tickmill demo account. Based on the image, the EA produced a nice, steady-growing chart with a 483% gain. By looking at the winning percentage, it Is very close to coinflipping, 51% of trades won. The logical conclusion would be that this EA is great with Money Management but we do not know how the EA trades. The maximum drawdown is 8.1%.

On the MT4 Strategy Tester module, the EA showed different results. GBP/JPY pair was used and the winning percentage is 63.95%, much better than 51%. Maximal drawdown is an impressive 1.63%. Profit trades are at least double the size of losing trades meaning the EA cuts short trades that do not come in the right direction, not using the extreme Stop Loss levels as with some EAs and therefore also limiting the drawdown to just 1.63%. GBP/USD pair backtesting on M5 using the 99% precision modeling also shows similar results.

The maximal drawdown is even lower, 1.17%, 63% of winning trades, and the same good Money Management. Interestingly, GBP/AUD testing on M% timeframe shows just 51% winning trades but with similar gains as other pairs. The average consecutive wins number is the same as the average losses – 2. On the EUR/JPY, the success rate rises to 68.09% and this does not change the fact Scalper Max has a very good Money Management and manages to show only charts with consistent gains and no drops.

Service Cost

Now, the price of the Scalper Max is no less than $2500 to buy (6 activations) and $1800 to rent for a year. This extreme price has no presented arguments of the tech incorporated in this EA and no proven work behind it. The charts and what little content about the EA are showing are simply not enough. One could think this EA is fake but a demo is available so you can test it in various ways. Of course, price this high reflects on the EA popularity.

Conclusion

Scalper Max received bad ratings, based on 7 user reviews on the MQL5 Experts repository. The users complain about very different results than what is presented on the developer signal page and in the EA Overview. The main concern is the poor performance, some have changed brokers and tried different things just to see the same bad results. Some of the reviews are:

“Refund, this is a liar, this EA will not make you profit, only loss, he has no signal of real account number, every time you ask him, he will only hide”, or “For the month of using the adviser – only loss, wasted money, Alpari broker account ECN.Pro. I would like to return the money …”

There are also two perfect score reviews claiming good results.

In our opinion, this Scalper Max can be tested to confirm these results. Still, it should be noted that you could probably buy 10 automated software products for the price of this one, that has better ratings, testing, and performance. Given the fact that the developer also has one other product selling for $30,000, we can confirm this is not a serious proposition.